10.

A university reports the following information:

Gross tuition billings to students $80,000,000

Tuition scholarships granted to students 25,000,000

Tuition waivers for teaching assistants 10,000,000 Estimated uncollectible tuition revenue 1,000,000

On the universitys statement of activities, net tuition revenue is:

Select one:

a. $55,000,000

b. $79,000,000

c. $45,000,000

d. $70,000,000