A Public College Had Tuition and Fees for the Year

question 8

Multiple Choice

A public college had tuition and fees for the year ended June 30,2014 in the amount of $45,000,000.Scholarships,for which no services were required,amounted to $2,500,000.Graduate assistantships,for which services were required,amounted to $2,300,000.The amount to be reported by the college for net tuition and fee revenue would be:

• A) $40,200,000.
• B) $42,700,000.
• C) $42,500,000.
• D) $45,000,000.

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