school Mike has been awarded a three year scholacship to parduc. The scholarship for the next this year to fcis.cre Irelated Expend, tures, fach 8.000 payment will be made end of this car actiescat on Make maintaining good grades in his classes for that bac. Assuming un interest rate Of 2 Cececde edecteclyn What is the walve today of resewing this schetschip is Mike maintains goed grades 2 A. 23.071 B. 84, 6.2 C. 2, 617 o24.ee E 60,289 Question lo The priciple involved with expense recognition is? A Providing esperse inforntion that is useful in decision making P. All transactions are recorded at the exchange Rate C. All costs that are used to generate Recue ere corded in the period the reveone is recognized 0. Providing expense information only when benefits exceed costs E None