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Hi, Please help answering:

Describe the treatment of a not-for-profit, nongovernmentalfoundation that is related to a public university under GASBstandards.

1. Why does the accounting treatmentof colleges and universities depend on how the colleges oruniversities are held or owned?

2. What key reporting options areavailable to government colleges and universities?

3. In what significant ways wouldeach of the major financial statements of a public universitydiffer from those of a not-for-profit university? In whatsignificant ways would the financial statements of a publicuniversity and not-for-profit university differ from a for-profituniversity?

4. A public university receivesrevenue from state appropriations. In which category of revenuesshould it report the state appropriations? Why?

5. Why are revenues presented on thefinancial statements net of scholarships and discounts?

Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $5,700 per course taught. Denton pays its instructors $300 per student enrolled in the class. Both universities charge executives a $343 tuition fee per course attended.

Required

Prepare income statements for Kenton and Denton, assuming that 19 students attend a course.

Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $223 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course.

Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $223 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 36 students in its course.

Prepare income statements for Kenton and Denton Universities, assuming that 13 students attend a course, and assuming that both universities charge executives a $343 tuition fee per course attended.

Prepare income statements for Kenton and Denton, assuming that 19 students attend a course.

Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $223 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course.

Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $223 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 36 students in its course.

Prepare income statements for Kenton and Denton Universities, assuming that 13 students attend a course, and assuming that both universities charge executives a $343 tuition fee per course attended.