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Which of the following is not true regarding the recording of expenses by private nonprofit colleges and universities? Select one: O a. All expenses
Which of the following is not true regarding the recording of expenses by private nonprofit colleges and universities? Select one: O a. All expenses are reported as unrestricted. O b. Expenses are recorded using the accrual basis of accounting. Oc. Depreciation may or may not be recorded, depending upon the policy of the institution. Od. Expenses should be reported by function.
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