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Scholarships for students' tuition and fees that are being paid from grants the university received ( on the students' behalf ) should be reported as
Scholarships for students' tuition and fees that are being paid from grants the university received on
the students' behalf should be reported as
a a reduction of tuition and fee revenues.
b expenses in the GAAP financial statements.
c expenditures in the GAAP financial statements.
d nonoperating expenses in the GAAP financial statements.
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