What are the issues related to reporting operating income

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1. What are the issues related to reporting operating income? Consider: Contributions and bequests, Gifts, Investment gains and losses, Change in value of split interest agreements, Tuition revenue, and Scholarships.

2. Why might different types of educational institutions report operating income differently?

3. Which accounting standards apply to educational institutions? Consider: FASB requirements, GASB requirements, and NACUBO guidelines.

Reference no: EM13579623

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