Which of the following items would not affect the amounts reported in Revenues and Gains section of the statement of activities for a private college or university?

Which of the following items would not affect the amounts reported in Revenues and Gains section of the statement of activities for a private college or university?

Which of the following items would not affect the amounts reported in Revenues and Gains section of the statement of activities for a private college or university? 

Ans. Deferred revenues.