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

Fees Waived by the an Educational Institution in Return for Services