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What the amount of tuition and fees revenues

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Problem 1: A government university's tuition and fees at the standard rates are 20 million. Scholarship allowances of $1,500,000 are granted to students by the university and tuition waivers for employees granted under the university tuition waiver policy are $100,000. Uncollectible accounts are expected to equal $150,000. The amount of tuition and fees revenues that the university should report is:

Option 1: 18,250,000
Option 2: 18,350,000
Option 3: 18,500,000
Option 4: 20,000,000

Reference no: EM132808770

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