1. Tuition waivers for scholarships are:
a. Not reflected in the accounting records
b. Recorded in a contra revenue account
c. Recorded as institutional support expenses
d. None of the above
2. Auxiliary enterprises in a college and university include all of the following, except :
a. Bookstore
b. Research
c. Cafeteria
d. Dormitories
3. Under GASB Statement No. 35, a state university (governmental) with only business-type activities may present:
a. Fund financial statements
b. Government-wide financial statements
c. Only the financial statements required of enterprise funds
d. Condensed financial information
4. Contributions of principal that must be held indefinitely but whose income is available for restricted or unrestricted purposes are termed:
a. Bequests
b. Annuities
c. Endowments
d. Support
5. Scholarships are classified as:
a. Academic support
b. Student services
c. Institutional support
d. Student aid