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goji.go goji.go
wrote...
Posts: 5977
9 years ago
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.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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