For the spring semester Year 13, stellar university, a nongovernmental not for profit university, assessed its students
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For the spring semester Year 13, stellar university, a nongovernmental not for profit university, assessed its students 5,000,000 for tuition and fees. the net amount realized was only 4500,000 because refunds in the amount of 200,000 had to be given when certain low enrollment classes had to be cancelled and scholarships were granted in the amount of 300,000. What amount should stellar university report as gross revenue from tuition and fees?
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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