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…fund their
programs and services. As a result, the University will normally report a loss from operating activities.
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Student tuition and fees are now reported net of scholarships funded by Federal and State grants as well
as University's resources. Prior to 2004, all scholarships were reported as scholarship expenses.
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GASB Statement No. 35 requires…
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_09.pdf