Chapter 15 15-1  Public o Statement of net position o Statement of revenues, expenses, and changes in net position o Statement of cash flow

Private o Statement of financial position o Statement of activities o Statement of cash flows

15-2  Private- restricted gifts are recorded as support in the period in which the gift is made, and then classified as to whether the contribution increases temporarily or permanently restricted net assets. Public- restricted net assets are further distinguished by whether the restriction makes the net assets nonexpendable or expendable.

15-4   Tuition and Fees- unrestricted 1000 Allowance for doubtful accounts 1000 Public colleges use Provision for Bad debts to account for estimated uncollectable tuition and fees.

15-5     When the following requirements are meet: (1) Characteristics of the recipients for which the contribution is intended (2) incurrence of reimbursable costs for which the contribution is intended and/or (3) Ability to meet a stated contingency related to the contribution.

Problems 15-1 1. 2. 3. 4. 5. C D C A B

C . A 8. A 10. A 9. A 6. D 7. B 3. B 10. expenses. D 5.6. A 4. B 8. D 9. and changes in net position o Statement of cash flows Yes  Problems 16-1 1. B 7. B Chapter 16 16-1  16-2  Public o Balance sheet or statement of financial position o Statement of operations o Statement of changes in net assets o Statement of cash flows Private o Statement of net position o Statement of revenues. C 2.

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