Report in the statement of activities, Accounting Basics

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Report in the statement of activities

A private university received $18,000,000 in tuition and fees during an academic year. Graduate assistantships, for which services were required, were awarded in the amount of $1,200,000. Scholarships, for which no services were required, were awarded in the amount of $1,400,000. The net tuition and fees that would be reported in the Statement of Activities would be:

A. $18,000,000

B. $16,800,000

C. $16,600,000

D. $15,400,000

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Accounting Basics: Report in the statement of activities

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Accounting Basics: Report in the statement of activities

Reference No:- TGS064543

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Government liability for general government claims

Q : At-risk and passive activity rules

Q : What is the maximum depreciation expense

Q : Determine the amount of depreciation expense

Q : Report in the statement of activities

Q : How much cash is budgeted to be paid in operating costs

Q : Receivables turnover and the average collection period

Q : Statement about the daily posting of the sales journal

Q : Calculate the cost of equity using the dcf method

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Report in the statement of activities

Reference No:- TGS064543

Recent Questions Asked Accounting Basics

Q : Government liability for general government claims

Q : At-risk and passive activity rules

Q : What is the maximum depreciation expense

Q : Determine the amount of depreciation expense

Q : Report in the statement of activities

Q : How much cash is budgeted to be paid in operating costs

Q : Receivables turnover and the average collection period

Q : Statement about the daily posting of the sales journal

Q : Calculate the cost of equity using the dcf method

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