A not-for-profit university operates its college book-store as an auxiliary enterprise. During the year the store has revenues of $30 million and expenses of $27 million. In its statement of activities the university should report
A. Operating revenues of $3 million
B. Operating revenues of $30 million
C. Nonoperating revenues of $3 million
D. Nonoperating revenues of $30 million
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Home » Business » A not-for-profit university operates its college book-store as an auxiliary enterprise. During the year the store has revenues of $30 million and expenses of $27 million. In its statement of activities the university should report A.