Multiple Choice
How should the following revenues be reported by a private college?
-$15,000 for the improvement of a study lounge,
-$5,600 in unrestricted contributions,
-$600 unrestricted investment income on endowment investments,
-$11,600 sales of services by auxiliary enterprises.
Unrestricted Restricted
A) 32,800 0
B) 17,800 15,000
C) 17,200 15,600
D) 5,600 27,200
Correct Answer:
Verified
Correct Answer:
Verified
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