False Question 2 (20 points) Colleges and universities treat uncollectible accounts as bad debt expense. True False Question 3 (20 points) Private colleges and universities are subject to the standards issued by the FASB. True False Question 4 (20 points) A research grant program is a split-interest agreement True False Question 5 (20 points) Under FASB standards, true endowments are classified as Permanently Restricted Net Assets. True False M