Why are revenues presented on the nancial statements net of scholarships and discounts?
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Why are revenues presented on the financial statements net of scholarships and discounts?
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NACUBO indicates that colleges and universities should show tuition andfees net of any estimated uncollectible amounts and directly adjust the revenueaccount for the estimate Scholarship allowances are defined as differencesbetween the stated charges for tuition and ...View the full answer
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