A state university assessed its students $2,000,000 of tuition and fees
However, only $1,500,000 was expected to be collected because of an estimated uncollectible amount of $25,000, scholarship allowances of $400,000, and tuition waivers to staff of $75,000 . What amount of net tuition and fees revenue should be reported in the statement of revenues, expenses and changes in net position?
A. $1,500,000.
B. $1,575,000.
C. $1,600,000.
D. $2,000,000.
B
You might also like to view...
Which of the following is NOT conducive to database marketing?
A) Rushbury Theater relies on the generosity of donors to keep functioning. B) Kenilworthy retails luxury handbags and leather accessories to a select clientele. C) 2Wheels sells its most profitable products to repeat customers. D) Uncle Jim's sells its range of snacks in stores throughout the country. E) PetZone offers obedience classes, a doggie daycare, and other services for pets in the Manhattan area.
Every ________ can be considered to have a corresponding flow of foreign money associated with it, and this flow of foreign money is recorded as a ________
A) credit transaction B) current account transaction C) debit transaction D) capital account transaction