EXERCISE 19-9 Multiple Choice LO 4 Select the best answer for each of the following items: 1. Which of the following should be included in the current funds revenue of a NFP private university? Tuition Waivers Unrestricted Bequests (a) Yes No (b) Yes Yes (c) No Yes (d) No No 2. The current funds group of a NFP private university includes which of the following subgroups? Term-Endowment Life-Income Funds Funds (a) No No No Yes Yes Yes Yes 3. Tuition waivers for which there is no intention of collection from the student should be classified by a NFP university as Revenue Expenditures (a) No No (6) No (c) Yes Yes (d) Yes No 4. Which of the following is utilized for current (b) Yes (c) (d) Yes Yes (d) Yes Yes 3. Tuition waivers for which there is no intention of collection from the student should be classified by a NFP university as Revenue Expenditures (a) No (b) No (c) Yes No Yes Yes (d) Yes No 4. Which of the following is utilized for current expenditures by a NFP university? Unrestricted Restricted Current Funds Current Funds (a) No No (b) No Yes Yes No (d) Yes Yes 5. In the loan fund of a college or university, each of the following types of loans would be found except a. Student b. Staff. c. Building d. Faculty. (AICPA adapted)