Question 1) The account, Tuition and Fees Discounts and Allowances, is a contra-asset account. True False Question 2) When they defer recognition of auxiliary revenue, public colleges and universities use the account, Deferred Auxiliary Revenue, and private, nonprofit colleges and universities use the account, Unearned Auxiliary Revenue. True False Question 3) If a public college or university receives notification of appropriations in advance of the fiscal year that the appropriations are designated for, a receivable would be recorded for the amount awarded. a True False