A state university receives an appropriation for from the state for capital projects of 5 million and a state appropriation for other purposes of 20 million.
How should the amounts received be reported in the university's statement of revenues, expenses, and changes in net position?
A. Operating revenues of 20 million and nonoperating revenues of 5 million.
B. Operating revenues of 20 million and capital contributions of 5 million.
C. Nonoperating revenues of 20 million and capital contributions of 5 million.
D. Nonoperating revenues of 25 million.
Question 2
A debit to either the ___________________ _ account or a(n) ___________________ _ account will cause a decrease in the owner's equity of a business.
Fill in the blank(s) with correct word
Cirrhosis. Cirrhosis is characterized by a chronic deterioration of the liver, replacing healthy cel
National Guardsmen firing into a crowd of antiwar protesters at Kent State University killed four ...
Abortion Rates by State, 2008
Christo, Over the River, Project for the Arkansas River, State of Colorado.
A Global Bloom: Cities With Over One Million Residents
How Urban Is Your State? The Rural-Urban Makeup of the United States