A public university had tuition and fees for the year ended June 30, 2015, in the amount of $27,000,000.Scholarships, for which no services were required, amounted to $2,100,000.Graduate assistantships, for which services were required, amounted to $1,950,000.The amount to be reported by the university as net tuition and fee revenue would be
A) $27,000,000
B) $25,050,000
C) $24,900,000
D) $22,950,000
Correct Answer:
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