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    Essentials of Accounting Study Set 2
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    Exam 11: College and University Accounting
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    According to the Rules for Accounting for Colleges and Universities
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According to the Rules for Accounting for Colleges and Universities

Question 31

Question 31

True/False

According to the rules for accounting for colleges and universities under the jurisdiction of the FASB,multiyear pledges are recorded as restricted revenue and receivable for the gross amount of the pledge when the pledge is made.

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