Fees Waived by the an Educational Institution in Return for Services

Multiple Choice

Fees waived by the an educational institution in return for services to be provided by students are reported:

A) As a reduction in tuition revenue by directly reducing the revenue account or increasing a contra-revenue account.
B) As an adjustment to tuition revenue in the government-wide statements.
C) As an expense.
D) By deducting the waived fee from tuition revenue before it is recorded.