Go to https://about.usc.edu/files/2017/12/USC-Financial-Report-2017.pdf to find the 2017 financial statements for the University of Southern California.

Required

The financial statements for the University begin on page 11. Use those financial statements and the accompanying notes to answer each of the following questions.

1. What amount of pledges receivable is shown on the balance sheet?

2. At the end of 2017, what is the amount of net assets without donor restrictions and the amount of net assets with donor restrictions that is reported?

3. What amount of revenues is recognized for student tuition and fees?

4. By how much (in dollars and as a percentage) does financial aid reduce the amount of student tuition and fees?

5. How much of the revenue for the year came from contributions?

6. Note 1 attached to the financial statements describes net assets without donor restrictions and net assets with donor restrictions. Read this material and describe the information that is conveyed.

7. Note 14 attached to the financial statements describes the functional expenses. Read this material and describe the information that is conveyed.