A Government University's Tuition and Fees at the Standard Rates

question 40

Multiple Choice

A government university's tuition and fees at the standard rates are $20 million. Scholarship allowances of $1,500,000 are granted to students by the university and tuition waivers for employees granted under the university's tuition waiver policy are $100,000. Uncollectible accounts are expected to equal $150,000. The amount of tuition and fees revenues that the university should report is:

• A) $18,250,000.
• B) $18,350,000.
• C) $18,500,000.
• D) $20,000,000.

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