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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: Charges for tuition for the current semester of a local college totaled $300,000
Post by: goji.go on Oct 21, 2014
Charges for tuition for the current semester of a local college totaled $300,000. Academic scholarships were awarded to students in the amount of $25,000 and tuition waivers were given to children of employees in the amount of $10,000. The college should report
A.   Revenues of $265,000 and Expenses of $35,000
B.   Revenues of $275,000, net of $25,000 in allowances, and $10,000 in Expenses.
C.   Revenues of $290,000, net of $10,000 in Allowances, and $25,000 in Expenses.
D.   Revenues of $300,000 and Expenses of $35,000.


Title: Re: Charges for tuition for the current semester of a local college totaled $300,000
Post by: f_zah1 on Oct 22, 2014
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