ACCT 567 A public college had tuition and fees for the year ended June 30

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ACCT 567 A public college had tuition and fees for the year ended June 30

A public college had tuition and fees for the year ended June 30, 2007 in the …

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ACCT 567 A public college had tuition and fees for the year ended June 30

ACCT 567 A public college had tuition and fees for the year ended June 30

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A public college had tuition and fees for the year ended June 30, 2007 in the amount of $45,000,000. Scholarships, for which no services were required, amounted to $2,500,000. Graduate assistantships, for which services were required, amounted to $2,300,000. First, compute the amount to be reported by the college for net tuition and fee revenue. Second, state the source of the rule that you relied on to make the computations. Third, on what statement would the net tuition be reported?