Question
During the current year, Luis University received a $50,000 that specified that it must be used to pay travel costs for faculty to attend health
During the current year, Luis University received a $50,000 that specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. During the year the university spent $8,000 to support travel to a health care conference in Italy. How much revenue is recognized this year?
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Accounting, Chapters 1-13
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th Edition
1285069625, 9781285069623
