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Nadaf University received $4,000,000 in tuition revenue for the year ended December 31, Year 1. In addition to the tuition received, the university offered $500,000

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Nadaf University received $4,000,000 in tuition revenue for the year ended December 31, Year 1. In addition to the tuition received, the university offered $500,000 in scholarships but had to refund $200,000 for canceled classes. For the year ended December 31, Year 1, Nadaf would record gross revenue for tuition of

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