According to NACUBO Guidelines,what Is the Correct Treatment for Recognizing

question 54

Multiple Choice

According to NACUBO guidelines,what is the correct treatment for recognizing summer school revenues and expenses when a college's fiscal year ends on June 30?

• A) Recognize the entire amount of revenues and expenses in the year in which the term is predominantly conducted.
• B) Recognize the entire amount of revenues and expenses in the year in which the term began.
• C) Recognize expenses in the year in which they were billed and the expenses in the year in which they were incurred.
• D) Apportion the revenues and expenses to the two fiscal years, following accrual accounting practices similar to those employed by commercial enterprises.

---

Definitions:

Brief Psychodynamic Therapy

A form of psychodynamic therapy with a focus on immediate problems, aiming to provide quicker results by concentrating on the here and now.

Allegiance Bias

A tendency to support or believe in something based on loyalty or preference rather than empirical evidence.

Object-relations Theorist

A psychologist or psychoanalyst specializing in the study of how people develop mental representations of themselves and others through their early relationships.

Good Enough Mothering

A concept in psychoanalytic theory referring to an approach to parenting that is attuned to the child's needs, supportive, but not perfect, allowing for healthy development.