Short Answer Questions 109.Give 2 examples of unrestricted inflows, restricted inflows and permanently restricted inflows for a private college or university. 110.What is the distinction between...







Short Answer Questions



109.Give 2 examples of unrestricted inflows, restricted inflows and permanently restricted inflows for a private college or university.



110.What is the distinction between discounts and expenses for private colleges and universities?



111.NACUBO has issued a position paper titled “Accounting and Reporting Scholarship Allowances to Tuition and Other Revenues by Higher Education” to address the issue of scholarship allowances. How are scholarships and allowances treated in the financial statements by private colleges and universities?



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/Position (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 Investment in Capital Asset, Restricted Net Position, Unrestricted Net Position.







May 15, 2022
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