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"Tuition and Fees Should Be Recorded as Revenues of Colleges

Question 39

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"Tuition and fees should be recorded as revenues of colleges and universities even though they must be reported net of fee remissions,scholarships,and fellowships." Do you agree or disagree with this statement? If you disagree,explain how fee remissions,scholarships,and fellowships should be recorded.

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Agree.The AICPA Audit and Accounting Gui...

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