Fees Waived by the an Educational Institution in Return for Services

question 24

Multiple Choice

Fees waived by the an educational institution in return for services to be provided are accounted for:

• A) As a reduction in tuition revenue by directly reducing the revenue account or a contra-revenue account.
• B) As an adjustment to tuition revenue in the government-wide statements.
• C) As included in tuition revenue and expensed.
• D) By deducting the waived fee from tuition revenue before it is recorded.

---

Definitions:

Free Speech Rights

The legal protections that allow individuals to express themselves without undue government restriction, as outlined in the First Amendment of the U.S. Constitution.

Direct Corporate Contributions

Financial or in-kind contributions made by a corporation directly to a political candidate, party, or campaign, often regulated to prevent undue influence.

Quid Pro Quo Corruption

A type of corruption involving a direct exchange of goods or services for personal gain or influence, where one party offers something to another in return for a favor.

Express Powers

Powers explicitly granted to an entity or individual by statutes or in a legal document, such as a constitution or contract.