The Following Information Applies to the Next Three Questions

question 67

Multiple Choice

The following information applies to the next three questions:
Tuition and fees for the Northern University was assessed at $22,000,000. Scholarship allowances, for which no services are required, were $1,600,000 and graduate assistantships, for which services are required, were $1,000,000.
-What is the journal entry to record the graduate assistantships?

• A) Not recorded because it was deducted from tuition revenue before revenue it was recorded
• B) Assistantships and Fellowships Expense 1,000,000 Accounts receivable 1,000,000
• C) Operating Revenue Deduction -Scholarship Allowances 1,000,000
• Accounts Receivable 1,000,000
• D) Operating Revenue Deduction -Scholarship Allowances 1,000,000
• Deferred Revenues 1,000,000

---

Definitions:

Apprehension

The feeling of fear or anxiety about something that may happen.

Factor Analysis

A statistical approach for discovering the root variables, or factors, that are responsible for the observed correlation patterns among a set of variables.

Personality Traits

Personality traits are enduring patterns of thoughts, feelings, and behaviors that distinguish individuals from one another.

P Technique

A statistical method used in psychology to analyze the variation of psychological variables within a single individual over time, emphasizing personal patterns of behavior.