A University Student Registers for Classes and Pays the Tuition

question 81

True/False

A university student registers for classes and pays the tuition with a credit card. Because it uses accrual-basis accounting, the college will recognize the payment as revenue as soon as the transaction turns into cash in the school's bank account.

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Definitions:

Yes-or-No Answer

A straightforward response option representing affirmative or negative to a given question.

Euphoria

A feeling of intense excitement and happiness.

Apprehension

Anxiety or fear that something bad or unpleasant will happen.

Stimulants

Substances that increase the activity of the nervous system to boost alertness, attention, and energy.