(Answered) Question - a private university received 18000000 in

Accounting

Question - A private university received $18,000,000 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. 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

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