Colleges and Universities Flashcards
1
Q
How are tuition revenues shown?
A
-At net of scholarship allowances and uncollectible amounts
2
Q
How are scholarships, assistantships, fellowships, and tuition wavers given in return for services provided reported?
A
-As expenses
3
Q
What’s the difference between scholarship allowances and scholarships?
A
-Scholarship allowances are reductions of charges while scholarships are amounts paid to students
4
Q
How are revenues for auxiliary enterprises reported? Expenditures for auxiliary enterprises?
A
- As single line item in Revenues section
- As single line item in Expenditures section
