Which of the following statements about accounting for government colleges and universities is false ? a. Government colleges and universities engaged in business-type activities commonly account for transactions on a fund basis unique to their environment throughout the fiscal year. b. Government colleges and universities engaged in business-type activities commonly account for expenditures instead of expenses throughout the fiscal year. c. Financial reporting for a college or university treated as an enterprise activity is basically the same as the financial reporting for any enterprise activity. d. The accounting and reporting for exchange revenues for colleges and universities is not consistent with the methods used for other governmental entities.