Which of the following is not true regarding the Statement of Revenues,Expenses,and Changes in Net Position for a public college?
A) Tuition revenues are reported net of tuition waivers when those waivers require service on the part of the recipient student.
B) Tuition fees waived by the institution in return for services provided by employees and student assistants are shown as expenses.
C) Interest expense is accrued and bond premiums and discounts are amortized.
D) None of the above.

Question

Quizplus · Accepted Answer

Tuition revenues are reported gross of tuition waivers, regardless of whether the waivers require service on the part of the recipient student.

Which of the Following Is Not True Regarding the Statement