For the year ended June 30, 20X9, a university assessed its students a total of $4,000,000 for tuition and fees. Included in this amount were $300,000 of tuition remissions awarded to graduate teaching assistants and $150,000 of scholarships awarded to undergraduate students. Tuition and fees totaling $3,550,000 were collected during the year ended June 30, 20X9. 

What amount should be reported in the fund without donor restrictions as net revenue from tuition and fees for the year ended June 30, 20X9?

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To determine the net revenue from tuition and fees for the year ended J... View the full answer