Which of the Following Is True

Multiple Choice

Which of the following is true?

A) Public educational institutions are to report tuition income net of scholarships while fees waived for graduate assistants are included in income and the fees waived are expensed.
B) Scholarship allowances for which no services are required are expensed.
C) Fees waived for graduate assistantships for which services are required are deducted directly from tuition revenue.
D) Revenues for summer sessions are recorded in deferred revenues and recorded as revenue when the semester ends.