Question: please answer correct with reason Question 4) Most colleges and universities use the National Association of College and University Business Ofcers (NACUBO) classication system for

please answer correct with reason

Question 4) Most colleges and universities use the National Association of College and University Business Ofcers (NACUBO) classication system for reporting expenses. r True r False Question 5) Upon receiving a contribution with a donor-imposed purpose restriction, a public university records contribution revenue and restricts a portion of net position until the restriction is met. 1"\" True I" False Question 6) Contributions to be paid LlILI are called pledges. r True t" False

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