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'Tuition and fees should be recorded as revenues of colleges and universities even though they must be reported net of tuition refunds, scholarships, and fellowships:

'Tuition and fees should be recorded as revenues of colleges and universities even though they must be reported net of tuition refunds, scholarships, and fellowships: Do you agree or disagree with this statement? If you disagree, explain how refunds, scholarships, and fellowships should be recorded.

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