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goji.go goji.go
wrote...
Posts: 5977
9 years ago
A government university collected unrestricted student fees of $200,000 and fees restricted for technology of $400,000 in the current academic year.
A.   The full $600,000 should be reported as revenues for the academic year.
B.   $200,000 should be reported as revenues and $400,000 should be reported as unearned revenues
C.   $200,000 should be reported as revenues and $200,000 as deferred revenues.
D.   $400,000 should be reported as unearned revenues and $200,000 as deferred revenues.
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1 Reply
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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