Use the information below to answer questions 24 and 25.

For the year ended December 31, 2017, Rockferd College, a private, nonprofit college, provided you with the following information related to its tuition and fees:

Amount billed to all students $2,500,000

Waivers given to teaching assistants100,000

Waivers given to students with scholarship/fellowships150,000

Stipends given to students with assistantships30,000

Estimated amount of uncollectible accounts75,000

Amount collected from students2,175,000

Accounts written off75,000

24.In Rockferd College's general ledger, what is the balance in the account "Revenues: tuition and fees" at December 31, 2017 before the temporary accounts are closed?

A.$2,500,000.

B.$2,425,000.

C.$2,240,000.

D.$2,275,000.

25.On Rockferd College's Statement of Changes in Unrestricted Net Assets for the year ended December 31, 2017, what amount should be reported for "net tuition and fees?"

A.$2,425,000.

B.$2,275,000.

C.$2,175,000.

D.$2,375,000.

26.

On which financial statement of a private, nonprofit university would you find the increase in

unrestricted net assets for the current year?

A.The Statement of Changes in Net Assets.

B.The Statement of Changes in Unrestricted Net Assets.

C.A and B.

D.Neither A nor B.

27. Private nonprofit hospitals require a "performance indicator" in the Statement

of Operations.Which of the following items are reported below the performance indicator?

A.Interest expense.

B.Revenues from a hospital gift shop.

C.A and B.

D.Neither A nor B.

28. Private nonprofit hospitals require a "performance indicator" in the Statement

of Operations.Which of the following items are reported below the performance indicator?

A.Net assets released from restrictions used for operations.

B.Net assets released from restrictions used to acquire plant, property, and equipment.

C.A and B.

D.Neither A nor B.