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What amount should help university report for the period

Assignment Help Accounting Basics
Reference no: EM132835524

Problem 1: For the first semester of 2009, Help University assessed its students P 3,000,000 for tuition and fees. The net amount realized was only P 2,500,000 because scholarships of P 400,000 were granted to students and tuition remissions of P 100,000 were allowed to faculty members' children attending Help University. What amount should Help University report for the period as revenues for tuition and fees?

Reference no: EM132835524

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