31.With respect to colleges and universities, if a tuition or fee reduction is an employee benefit it should be treated as a compensation expense, rather than a discount.
32.With respect to colleges and universities, academic or athletic tuition waivers are accounted for as expenses.
33.With respect to colleges and universities, estimates of uncollectible accounts are accounted for as bad debt expense.
34.A tuition waiver for a student who works as a graduate assistant is treated as compensation expense.
35.A tuition waiver for a student who works as a graduate assistant is treated as a reduction in revenue.
36.A Charitable gift annuity is a type of split-interest agreement.
37.A Charitable lead trust is a type of split-interest agreement.
38.A Pooled life income fund is a type of split-interest agreement.
39.A Research grant program is a type of split-interest agreement.
40.Academic or athletic scholarships that do
not
require service to the college or university are considered scholarship allowances and treated as reductions in revenue.