Solved

_____ for a Public C&U Engaged in Business-Type Activities, the Amount

Question 75

Multiple Choice

_____ For a public C&U engaged in business-type activities, the amount of tuition scholarships awarded is reported in which?


A) Not reported in revenues and not disclosed in the statement of revenues, expenses, and changes in net assets.
B) Netted against gross tuition revenues and shown parenthetically or shown on a separate line item immediately below gross tuition revenues as a subtraction.
C) Reported in both student gross tuition revenues and scholarship expenses (offsetting amounts) .
D) Reported separately as scholarship tuition revenues.
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions