A public college had tuition and fees for the year ended June 30,2015 in the amount of $45,000,000. Scholarships,for which no services were required,amounted to $4,800,000. Graduate assistantships,for which services were required,amounted to $2,300,000. The amount to be reported by the college for net tuition and fee revenue would be:
A) $37,900,000.
B) $40,200,000.
C) $42,700,000.
D) $45,000,000.

Question

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The Answer of A public college had tuition and fees for the year ended June 30,2015 in the amount of $45,000,000. Scholarships,for which no services were required,amounted to $4,800,000. Graduate assistantships,for which services were required,amounted to $2,300,000. The amount to be reported by the college for net tuition and fee revenue would be:
A) $37,900,000.
B) $40,200,000.
C) $42,700,000.
D) $45,000,000.

A Public College Had Tuition and Fees for the Year