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    Essentials of Accounting Study Set 3
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    Exam 11: College and University Accounting
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    Revenue for Reimbursement Grants May Be Recognized Before Expenditures Take
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Revenue for Reimbursement Grants May Be Recognized Before Expenditures Take

Question 61

Question 61

True/False

Revenue for reimbursement grants may be recognized before expenditures take place, so long as the grant has been awarded.

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