A Private University Billed $20,000,000 in Tuition and Fees During

Multiple Choice

A private university billed $20,000,000 in tuition and fees during an academic year. Graduate assistantships,for which services were required,were awarded in the amount of $1,200,000. Scholarships,for which no services were required,were awarded in the amount of $1,400,000. Provision for bad debt was estimated to be $2,000,000.The net tuition and fees that would be reported in the Statement of Activities would be:

A) $18,000,000.
B) $16,800,000.
C) $16,600,000.
D) $15,400,000.