Question: Go to https://comptroller.usc.edu/annual-financial-reports/ to find the 2021 financial statements for the University of Southern California. Required Use those financial statements and the accompanying notes to

Go to https://comptroller.usc.edu/annual-financial-reports/ to find the 2021 financial statements for the University of Southern California. Required 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. As of the most recent year, 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 does financial aid reduce the amount of student tuition and fees?

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

6. The notes attached to the financial statements will explain net assets without donor restrictions and net assets with donor restrictions. Read this material and describe the information that is conveyed.

7. The notes attached to the financial statements will explain the functional expenses. Read this material and describe the information that is conveyed.

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The following answers were found in the financial statements for the University of Southern California for June 30 2021 and the year then ended 1 The pledges receivable net balance is 3779 million as ... View full answer

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