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Dupage College is a public college. During the year, it received tuition and fees totaling...

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Accounting

Dupage College is a public college. During the year, it received tuition and fees totaling $25,000,000. The college also awarded scholarships, for which no services were required, amounting to $2,500,000. In addition, the college offered graduate assistantships, for which services were required, amounting to $1,500,000. What amount should Dupage report as its net tuition and fees for the year?

A. $20,000,000. B. $25,000,000. C. $21,500,000. D. $23,500,000.

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