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… Net Assets, the Statement of Revenues,
Expenses and Changes in Net Assets and the Statement of Cash Flows. The notes to the financial statements
present additional information to support the financial statements. Their purpose is to clarify and expand on the
information in the financial statements. The University implemented GASB Statement No. 34, Basic…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_06.pdf