Please go to the Internet and obtain the nancial report for the most recent year available of

Question:

Please go to the Internet and obtain the ﬁnancial report for the most recent year available of the following two (a public and a private) universities:
1. University of North Carolina at Chapel Hill
2. Duke University
Analyze the ﬁnancial reporting differences between these two universities based on the following:
a. (the equity section)
b. Statement of Activities and Statement of Revenues, Expenses, and Changes in Net Position. What are the major differences in the items reported on these two statements?
c. Do both universities prepare a Statement of Cash Flows?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...