owing information was available in the Beige College financial records for the fiscal year ending...
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owing information was available in the Beige College financial records for the fiscal year ending May 31, 20X3. Beige College is a governmental, nonprofit college. BEIGE COLLEGE INFORMATION RELATED TO REVENUES FOR FISCAL YEAR ENDING MAY 31, 20x3 250,000 Tuition and Fees Endowment Gifts Investment Income Federal Grants Capital Gifts Not Capitalized State Appropriations Private Gifts For Operating Purposes 100,000 350,000 500,000 200,000 400,000 50,000 REQUIRED:(1) What amount would be recorded as operating revenue? Show supporting calculations (2) Wh at amount would be recorded as n calculations onoperating revenue? Show supporting
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