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18 November, 03:29

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?

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  1. 18 November, 03:41
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    Answer and Explanation:

    Tuition deductions-unrestricted student aid 5000000

    Accounts receivable 5000000
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