For the fall semester of 2017,Irving College assessed its students $5,000,000 for tuition and fees.The net amount realized was only $4,700,000 because of the following revenue reductions:
How much should Irving College report for the period for unrestricted current funds revenues from tuition and fees?
A) $5,000,000
B) $4,900,000
C) $4,780,000
D) $4,700,000
Correct Answer:
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