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How Should the Following Revenues Be Reported by a Private

Question 97

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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)    32,8000 B)    17,80015,000 C)    17,20015,600 D)    5,60027,200\begin{array}{lrr}~~~~~~~\text { Unrestricted }&\text { Restricted }\\\hline\text { A) }~~~32,800 & 0 \\\text { B) } ~~~17,800 & 15,000 \\\text { C) }~~~ 17,200 & 15,600 \\\text { D) }~~~ 5,600 & 27,200\end{array}

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B
Ratinal: Unrestricted: $5,600 of unre...

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