Public colleges and universities may choose to report as:
A) special-purpose entities engaged in governmental and business-type entities.
B) special-purpose entities engaged in business-type activities only.
C) either (a) or (b) depending on the nature of their operations.
D) neither (a) nor (b).

Question

Quizplus · Accepted Answer

Public colleges and universities may engage in both governmental and business-type activities, such as offering academic programs and providing services, therefore they may choose to report as special-purpose entities engaged in either (a) or (b) depending on the nature of their operations.

Public Colleges and Universities May Choose to Report As