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

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Definitions:

Consideration

The process of thinking carefully about something, often before making a decision.

Nonverbal Communication Cues

Signals or signs used to convey messages without words, such as gestures, facial expressions, and body language.

Personal Appearance

The way an individual presents themselves through their physical appearance and attire, which can impact first impressions and professional opportunities.

Style

The choices you make to express yourself: the words you select, the manner in which you use those words in sentences, and the way you build paragraphs from individual sentences.