Which of the Following Items Would Not Affect the Amounts

question 53

Multiple Choice

Which of the following items would not affect the amounts reported in the Revenues and Gains section of the statement of activities for a private college or university?

• A) Student tuition and fees.
• B) Tuition and fees discounts and allowances.
• C) Net assets released from restriction.
• D) Deferred revenues.

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Definitions:

Uncompensated Cost

Costs that occur when an action has effects, positive or negative, on third parties without those parties being compensated.

Social Cost

The total cost of an activity, including both private costs borne by the producer and external costs suffered by others.

External Costs

Costs incurred by someone who does not participate directly in a transaction or activity, often relating to environmental or societal impacts.

Socially Optimal

A condition or point at which the total benefits to society are maximized, often considered in the context of production or distribution of goods and services.