For the Year Ended June 30,20X9,a University Assessed Its Students

question 120

Multiple Choice

For the year ended June 30,20X9,a university assessed its students a total of $4,000,000 for tuition and fees.Included in this amount was $300,000 of tuition remissions awarded to graduate teaching assistants,and $150,000 of scholarships awarded to undergraduate students.Tuition and fees totaling $3,550,000 were collected during the year ended June 30,20X9.What amount should be reported in the unrestricted fund as net revenue from tuition and fees for the year ended June 30,20X9?

• A) $4,000,000
• B) $3,550,000
• C) $3,700,000
• D) $3,850,000

---

Definitions:

Nervous System

A complex network of nerves and cells that carry messages to and from the brain and spinal cord to various parts of the body.

Peripheral Nervous

A part of the nervous system consisting of the nerves and ganglia outside of the brain and spinal cord.

Autonomic Nervous

Part of the peripheral nervous system that controls involuntary functions of the body such as heart rate, digestion, and respiratory rate, comprising the sympathetic and parasympathetic nervous systems.

Emergency

A situation that poses an immediate risk to health, life, property, or environment requiring urgent intervention.