Private colleges and universities use the same accounting and reporting standards as other private not-for-profit organizations.
Answer the following statement true (T) or false (F)
True
Private colleges, like other not-for-profits, follow standards established by the FASB, including those specifically for not-for-profit entities.
You might also like to view...
Chronos Inc designs and markets different brands of cycling watches
Each brand has a single unique feature: the Chronos Cosmos has a heart rate monitor, the Chronos Acumen is designed for older cyclists who prefer a large display, and the Chronos Aegis has a GPS function. Which of the following is evident here? A) channel differentiation B) service differentiation C) product differentiation D) people differentiation E) image differentiation
Which of the following is a customer-related service offered by retailers in a one-level
distribution channel structure? A) setting up new products and services B) gathering information from customers C) creating communications with manufacturers to stimulate demand D) placement and return of orders
For a control chart to monitor variable quality characteristics, if we are interested in the variation between samples we would need to use ______.
a. a range chart b. a mean chart c. a p-chart d. a c-chart
Explain the "commercial activity" exception to the Foreign Sovereign Immunities Act