How should the following revenues be reported by a private college?
-$1,500 state appropriations,
-$5,600 in unrestricted contributions,
-$600 unrestricted investment income on endowment investments,
-$11,600 sales of services by auxiliary enterprises.
Unrestricted Restricted
A) 19,300 0
B) 17,800 1,500
C) 17,200 2,100
D) 5,600 13,700

Question

Quizplus · Accepted Answer

All the revenues listed are unrestricted, including state appropriations, unrestricted contributions, unrestricted investment income, and sales of services by auxiliary enterprises. Therefore, the total unrestricted revenue is $19,300.

How Should the Following Revenues Be Reported by a Private