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Which of the following statements is true?
Uncollectible
Accounts receivable that cannot be recovered and are therefore written off as a loss.
Not-for-Profit School
An educational institution that operates without the primary aim of making profits, instead focusing on providing quality education.
Contribution Revenues
Revenues received by not-for-profit entities from donations, grants, or other forms of financial support.
Deferred Revenues
Deferred revenues are payments received by a company for goods or services that are yet to be delivered or performed, recorded as a liability on the balance sheet.
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