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please answer correct with reason Question 4) Most colleges and universities use the National Association of College and University Business Officers (NACUBO) classification system for
please answer correct with reason
Question 4) Most colleges and universities use the National Association of College and University Business Officers (NACUBO) classification system for reporting expenses. O True O False Question 5) Upon receiving a contribution with a donor-imposed purpose restriction, a public university records contribution revenue and restricts a portion of net position until the restriction is met. O True O False Question 6) Contributions to be paid at a later date are called pledges. O True O FalseStep by Step Solution
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