Fees waived by the an educational institution in return for services to be provided by students are reported:
A) As a reduction in tuition revenue by directly reducing the revenue account or increasing a contra-revenue account.
B) As an adjustment to tuition revenue in the government-wide statements.
C) As an expense.
D) By deducting the waived fee from tuition revenue before it is recorded.

Question

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The Answer of Fees waived by the an educational institution in return for services to be provided by students are reported:
A) As a reduction in tuition revenue by directly reducing the revenue account or increasing a contra-revenue account.
B) As an adjustment to tuition revenue in the government-wide statements.
C) As an expense.
D) By deducting the waived fee from tuition revenue before it is recorded.

Fees Waived by the an Educational Institution in Return for Services