1. For the summer session of 20X1, Armando University (AU), a non-profit organization, assessed its students

P1,700,000 (net of refunds), covering tuition and fees for educational and general purposes. However, an

amount of P1,500,000 was only expected to be realized. It is because P150,000 were granted to students,

and P50,000 tuition remissions were allowed to faculty member's children attending the university. What

amount should AU include in its unrestricted funds as revenues from tuition fees?

2. The League, a non-profit organization, received the following pledges:

Unrestricted P200,000

Restricted for Capital Additions 150,000

All pledges are legally enforceable. However, the League's experience indicates that 10% of all pledges

prove to be uncollectible. What amount should the League report as pledges receivable net of any required

allowance account?

3. Child Care Center, Inc., a non-profit organization, receives revenues from various sources during the year

to support its daycare centers. The following amounts were received during 20X1:

P2,000 is restricted by the donor to be used for meals for the children.

P1,500 received for subscription to a monthly child care magazine with a fair market value to

subscribers of P1,000.

P10,000 to be used only upon completing a new playroom that was only 50% complete on

December 31, 20X1.

What amount should Child Care Centers record as contribution revenue in its 20X1 Statement of Activities?

4. Wilson Hospital, a non-profit hospital affiliated with Wilson College, had the following cash receipts for the

year ended December 31, 20X1:

Collection of health care receivables P750,000

Contribution from donor to establish a term endowment 150,000

Tuition from nursing school 500,000

Dividends received from investment in permanent endowment 20,000

The dividends received are restricted by the donor for hospital building improvements. No improvements

were made during 20X1. On the hospital's statement of cash flows for the year ended December 31, 20X1,

what amount of the above receipts would be included in the amount reported for net cash provided (used)

by operating activities.