For a public C&U that presents a statement of revenues, expenses, and changes in net assets, neither noncapital appropriations nor capital appropriations are reported in the nonoperating revenues and expenses section.

Question

Quizplus · Accepted Answer

Capital appropriations are reported in the nonoperating revenues section, while noncapital appropriations can also be reported in this section depending on their nature and the specific accounting practices of the institution.

For a Public C&U That Presents a Statement of Revenues