With respect to colleges and universities,academic or athletic tuition waivers are accounted for as reductions in revenue.

Question

Quizplus · Accepted Answer

Academic or athletic tuition waivers are considered as reductions in revenue as they are not actual cash inflows, but rather a decrease in the amount of revenue that would have been generated if the student had paid full tuition. Therefore, they are deducted from the overall revenue earned by the institution.

With Respect to Colleges and Universities,academic or Athletic Tuition Waivers