Tuition waived for academic and athletic scholarships decreases student fee revenue when preparing a Statement of Revenues,Expenses,and Changes in Net Position.

Question

Quizplus · Accepted Answer

When tuition is waived for academic and athletic scholarships, the revenue that would have been generated from those students' tuition fees is lost, therefore decreasing student fee revenue. This must be taken into account when preparing a Statement of Revenues, Expenses, and Changes in Net Position.

Tuition Waived for Academic and Athletic Scholarships Decreases Student Fee