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How Would a Private College or University Report Its Estimate

Question 47

Multiple Choice
How would a private college or university report its estimate for uncollectible tuition and fees on its statement of activities?
A) A contra-revenue account titled Provision for Doubtful Accounts.
B) A direct reduction of Tuition and Fees-Unrestricted.
C) An operating expense titled Provision for Doubtful Accounts.
D) An operating expense titled Bad Debt Expense.

How would a private college or university report its estimate for uncollectible tuition and fees on its statement of activities?


A) A contra-revenue account titled Provision for Doubtful Accounts.
B) A direct reduction of Tuition and Fees-Unrestricted.
C) An operating expense titled Provision for Doubtful Accounts.
D) An operating expense titled Bad Debt Expense.

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