Tuition waived for academic and athletic scholarships is deducted from student fee revenue when preparing a Statement of Revenues,Expenses,and Changes in Net Assets.

Name: Tuition waived for academic and athletic scholarships is deducted from student fee revenue when preparing a Statement of Revenues,Expenses,and Changes in Net Assets.
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Question

Quizplus · Accepted Answer

This is correct. Tuition waived for scholarships is considered revenue lost, so it is deducted from the total revenue when preparing financial statements.

Tuition Waived for Academic and Athletic Scholarships Is Deducted from Student