using the five-step process in FASB ASC 606 to recognize revenue for Bismarck University’s tuition and housing fees and aid packages.
using the five-step process in FASB ASC 606 to recognize revenue for Bismarck University’s tuition and housing fees and aid packages. Case 5-4 Accounting for University Tuition and Housing Bismarck University, a for‐profit private institution, publishes its tuition and housing costs on its website. These fees are different for the various educational levels and programs…