For the Year Ended June 30,2009,a University Assessed Its Students

question 92

Multiple Choice

For the year ended June 30,2009,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 30,2009.What amount should be reported in the unrestricted fund as net revenue from tuition and fees for the year ended June 30,2009?

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

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Definitions:

Looking-glass Self

The looking-glass self is a concept where an individual's self-image is shaped by the perceptions and social feedback from others.

Ideal Self

The ideal self refers to the person one aspires to be, based on personal ambitions, goals, and the standards set by society or oneself.

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Older Years

A term referring to the later stages of an individual's life or lifespan, often associated with retirement, aging, and the consideration of legacy.