A public college had tuition and fees of 21000000 Scholarships for which no

A public college had tuition and fees of 21000000

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19.A public college had tuition and fees of $21,000,000. Scholarships, for which no services were required, amounted to $2,500,000. Graduate assistantships, for which services were required, amounted to $1,600,000. The amount to be reported by the public college as net tuition and fees would be: A) $21,000,000.B)$19,400,000. C)$18,500,000. D)$16,900,000. 20.According to NACUBO guidelines, what is the correct treatment for recognizing summer school revenues and expenses when a college’s fiscal year ends on June 30? 21.Inflows from self-supporting operations by a private college are known as auxiliary enterprises and are classified as 22.When summer school classes at a university cover parts of two fiscal years, the revenues and expenses are
23.With respect to public colleges and universities, state appropriations for operating purposes are shown as: A)Nonoperating revenue.B)Operating revenue.C)Nonexpendable endowments.D)None of the above.24.Which of the following would notbe correct with respect to accounting for colleges and universities under the jurisdiction of the FASB?

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