41.Public colleges may depreciate infrastructure or may use the modified approach. 42.Public colleges must report tuition income net of athletic scholarships. 43.Public colleges who waive fees for...

41.Public colleges may depreciate infrastructure or may use the modified approach.

42.Public colleges must report tuition income net of athletic scholarships.

43.Public colleges who waive fees for graduate assistants must report tuition income net of the fees waived.

44.Public colleges who waive fees for graduate assistants must report tuition at the gross amount and expense the fees waived.

45.Reimbursement grants allow revenue to be recognized at the time the grant is made.

46.According to GASB
Statement
33, with respect to public colleges and universities, pledges receivable are recognized as assets and revenues when eligibility requirements are met.

47.Public colleges and universities account for revenue bonds using the accrual method to account for interest and amortization of premiums and discounts.