How Would Estimated Uncollectible Tuition and Fees Be Reported on the Financial

Multiple Choice

How would estimated uncollectible tuition and fees be reported on the financial statements of a university? I. It would be reported as part of net revenue by a public university.
II) It would be reported as an operating expense by a public university.
III) It would be reported as an operating expense by a private university.

A) I only.
B) II only.
C) III only.
D) Both I and III are correct methods of reporting estimated uncollectible tuition and fees.