Which of the following is an example of a mandatory transfer in college and university accounting?
a. a transfer to a Plant Fund to set aside amounts that will be used to pay debt service in accordance with a clause in a bond agreement
b. a transfer to a Plant Fund based on a decision by the Board of Trustees to build a new school of engineering
c. a transfer to a Plant Fund based on a decision by management to build new box seats in the football stadium for major donors
d. a reclassification from temporarily restricted to unrestricted net assets
a
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Which of the following requires financial institutions to inform consumers of their privacy policies and permits consumers some control over their records?
A) Freedom of Information Act B) Gramm-Leach-Bliley Act C) COPPA D) HIPAA