niversities. These alternatives include all of the following except: dopt FASB's requirements so that all colleges and universities (public and private) prepare comparable financial stateme pply a more traditional model focusing on fund financial statements and the wide variety of funds that such schools ofte mave to maintain. Create an entirely new set of financial statements designed specifically to meet the unique needs of public colleges and universities. Adopt the requirements issued by the Private Company Council (PCC) of the FASB.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Over the years, four alternatives have been suggested for constructing the financial statements for public colleges
and universities. These alternatives include all of the following except:
O Adopt FASB's requirements so that all colleges and universities (public and private) prepare comparable financial statements.
O Apply a more traditional model focusing on fund financial statements and the wide variety of funds that such schools often
have to maintain.
O Create an entirely new set of financial statements designed specifically to meet the unique needs of public colleges and
universities.
O Adopt the requirements issued by the Private Company Council (PCC) of the FASB.
O Adopt the requirements issued by the Private Company Council (PCC) of the FASB.
80
F3
Ơ
Q
F4
%
F5
MacBook Air
F6
D
F7
Transcribed Image Text:Over the years, four alternatives have been suggested for constructing the financial statements for public colleges and universities. These alternatives include all of the following except: O Adopt FASB's requirements so that all colleges and universities (public and private) prepare comparable financial statements. O Apply a more traditional model focusing on fund financial statements and the wide variety of funds that such schools often have to maintain. O Create an entirely new set of financial statements designed specifically to meet the unique needs of public colleges and universities. O Adopt the requirements issued by the Private Company Council (PCC) of the FASB. O Adopt the requirements issued by the Private Company Council (PCC) of the FASB. 80 F3 Ơ Q F4 % F5 MacBook Air F6 D F7
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