Question
A university reports the following information: Gross tuition billings to students $35,000,000 Tuition scholarships based on high school academic performance 2,000,000 Need-based tuition scholarships 8,000,000
A university reports the following information:
| Gross tuition billings to students | $35,000,000 |
| Tuition scholarships based on high school academic performance | 2,000,000 |
| Need-based tuition scholarships | 8,000,000 |
| Tuition waivers for teaching assistants | 3,000,000 |
| Tuition waivers for students employed in the student union | 900,000 |
| Estimated uncollectible tuition revenue | 500,000 |
On the university's statement of activities, net tuition revenue is:
|
| A. | $34,500,000 |
|
| B. | $25,000,000 |
|
| C. | $21,100,000 |
|
| D. | $20,600,000 |
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The Auditors Guide To Blockchain Technology Architecture Use Cases Security And Assurance Security Audit And Leadership Series
Authors: Shaun Aghili
1st Edition
1032078251, 978-1032078250
