How Would Estimated Uncollectible Tuition and Fees Be Reported on the Financial

question 21

Multiple Choice

How would estimated uncollectible tuition and fees be reported on the financial statements of a university? I. It would be reported as part of net revenue by a public university.
II) It would be reported as an operating expense by a public university.
III) It would be reported as an operating expense by a private university.

• A) I only.
• B) II only.
• C) III only.
• D) Both I and III are correct methods of reporting estimated uncollectible tuition and fees.

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