A not-for-profit college bill students 1000000 for the year


A not-for-profit college bill students $1,000,000 for the year 2014. Of this amount, $200,000 is reduced due to scholarships with no stipulations and $100.000 is a reduction due to student grants which require teaching assistance by the student. The amount of revenue the college should report for year 2014 is

A. $1,000,000

B. $900,000

C. $800,000

D. $700,000

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Financial Accounting: A not-for-profit college bill students 1000000 for the year
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