💰 Financial Record
expenseTransaction Details
Amount
USD
$25,400,000.0
Payer (From)
k12
Linked to k12
Payee (To)
Virtual Academies (Internal/Operational)
Linked to Virtual Academies (Internal/Operational)
Transaction Date
June 30, 2004
Description
Recorded expenses of virtual academies in revenues and costs.
Additional Details
Date string:
2004-06-30
Amount string:
25400000
Source document:
HOUSE_OVERSIGHT_024547.jpg
📄 Source Document
HOUSE_OVERSIGHT_024547.jpg
ESTATE Collection
Document Summary
This document is a page from a financial report detailing the equity structure and revenue recognition policies of 'k12' (likely K12 Inc.). It specifically highlights the significant investment position of 'KUE' (Knowledge Universe Education), noting that KUE owns roughly 40% of Series C Preferred Stock and holds a 17.9% fully-diluted ownership stake in the company. The document carries a House Oversight stamp, indicating it is part of a congressional investigation.
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