A Private University Received $18,000,000 in Tuition and Fees During

question 119

Multiple Choice

A private university received $18,000,000 in tuition and fees during an academic year.Graduate assistantships,for which services were required,were awarded in the amount of $1,400,000.Scholarships,for which no services were required,were awarded in the amount of $1,200,000.The net tuition and fees that would be reported in the Statement of Activities would be:

• A) $18,000,000.
• B) $16,800,000.
• C) $16,600,000.
• D) $15,400,000.

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Definitions:

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Subjective Standards

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