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 are accounted for:

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