_____ For a public C&U engaged in business-type activities, the amount of tuition scholarships awarded is reported in which?
A) Not reported in revenues and not disclosed in the statement of revenues, expenses, and changes in net assets.
B) Netted against gross tuition revenues and shown parenthetically or shown on a separate line item immediately below gross tuition revenues as a subtraction.
C) Reported in both student gross tuition revenues and scholarship expenses (offsetting amounts).
D) Reported separately as scholarship tuition revenues.
E) None of the above.

Question

Quizplus · Accepted Answer

For a public college or university (C&U) engaged in business-type activities, the amount of tuition scholarships awarded is typically netted against gross tuition revenues. This can be shown either parenthetically or on a separate line item immediately below gross tuition revenues as a subtraction. This approach provides a clearer picture of the net revenues from tuition after accounting for the scholarships awarded.

_____ for a Public C&U Engaged in Business-Type Activities, the Amount