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Home Q & A Board Other Fields Homework Help Business Accounting
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derro derro
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The following information was derived from the accounts and records of Mockingbird State University for 20X3. All amounts are in thousands of dollars.

Tuition and fees
   Total assessed      $4,000
   Expected uncollectible      80
Appropriations
   State      800
Auxiliary enterprises
   Sales      500
   Salaries      280
      Other expenses      140
Endowment income
   Restricted to research      370
Private gifts and grants
    Restricted to student scholarships      0,200
      Restricted to plant expansion      2,000
    Unrestricted      180
Expenses:
    Instruction      3,100
    Research      600
    Student services      220
      Institutional support      190
    Operation of plant      180
Mortgage payment ($10,000 interest)      15
Scholarships allowances      200
Net positon, January 1, 20X3      3,827

Mockingbird State University reports as a special purpose government engaged only in business-type activities.

Requirement:   Prepare a statement of revenues, expenses, and changes in net position for Mockingbird State University for 20X3.
Textbook 
Governmental and Nonprofit Accounting

Governmental and Nonprofit Accounting


Edition: 11th
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bolbolbolbol
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derro Author
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Helped a lot
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