112.What are the reporting options for the Statement of Financial Position of institutions of higher education as outlined by the NACUBO Financial Accounting and Reporting Manual for Higher Education?...

112.What are the reporting options for the Statement of Financial Position of institutions of higher education as outlined by the NACUBO Financial Accounting and Reporting Manual for Higher Education?

113.Match the Type of Entity with the Equity sections of the Balance Sheet/ Statement of Net Assets (Match the Letter and Number)

A. Investor Owned

B. Public University

C. Private Not for Profit

1. Unrestricted, Temporary Restricted net assets and Permanently Restricted net assets

2. Paid in Capital, Retained Earnings

3. Net Assets Invested in Capital Assets, Net of Related Debt, Restricted Net Assets, Unrestricted Net Assets.

114. What is the basis of accounting for a private college or university and what are the principal sources of reporting standards?