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26-12-2019
Business

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In the current year, Generous University awarded scholarships to graduate students in the amount of $5,000,000. The recipients are not required to provide any services in return for the scholarships. How should the university record the award?

Respuesta :

Karabo99 Karabo99

26-12-2019

Answer and Explanation:

Tuition deductions—unrestricted student aid 5000000

Accounts receivable 5000000

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