Which of the following is true with regard to reporting by colleges? A). Private

ID: 2523843 • Letter: W

Question

Which of the following is true with regard to reporting by colleges?
A). Private colleges record time restricted pledges as revenue while public colleges wait until the cash is received.
B). Public colleges treat receipt of Pell grants as non-operating revenue while private colleges record the receipt as liabilities.
C). Both A and B
D). None of the above Which of the following is true with regard to reporting by colleges?
A). Private colleges record time restricted pledges as revenue while public colleges wait until the cash is received.
B). Public colleges treat receipt of Pell grants as non-operating revenue while private colleges record the receipt as liabilities.
C). Both A and B
D). None of the above
A). Private colleges record time restricted pledges as revenue while public colleges wait until the cash is received.
B). Public colleges treat receipt of Pell grants as non-operating revenue while private colleges record the receipt as liabilities.
C). Both A and B
D). None of the above

Explanation / Answer

The correct answer for the above mentioned question will be option D I.e, none of the above because no above mentioned situation is proper regard to reporting by colleges. Therefore, option D is correct.

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Which of the following is true with regard to reporting by colleges? A). Private

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