ACCT 360

Questions: 15-1 Financial statements Identify New 15-2 Restricted gifts and grants Contrast 16-2 15-3 Net asset categories Distinguish 16-3 15-4 Bad debts Explain, compare New 15-5 Grant revenue Explain, identify New 15-6 Pledges Explain New 15-7 Support functions Explain New 15-8 Split-interest agreements Define, compare 16-8 15-9 UPMIFA Explain New 15-10 Performance measures Describe 16-10 Cases: 15-1 Annual report—Internet Examine Exercise 16-1 15-2 Comparison of public vs. pri...

CHAPTER 15:ACCOUNTING FOR COLLEGES AND UNIVERSITIESOUTLINENumberTopicType/TaskStatus(re: 15/e)Questions:15-1Financial statementsIdentifyNew15-2Restricted gifts and grantsContrast16-215-3Net asset categoriesDistinguish16-315-4Bad debtsExplain, compareNew15-5Grant revenueExplain, identifyNew15-6PledgesExplainN

Chapter 15 “How Well Am I Doing?”--Statement of Cash FlowsMultiple Choice Questions 16.Which of the following would be considered a “use” of cash for purposes of constructing a statement of cash flows?A)a decrease in accounts receivable.B)an increase in accounts payable.C)an increase in common stock.D)a decrease in bonds payable.Ans: D AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting LO: 1 Level: Medium 17.Which of the following would be considered a “sour...