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…due from
the Federal government, State and local governments, or private sources, in connection with reimbursement
of allowable expenditures made pursuant to the University's grants and contracts. Accounts receivable are
recorded net of estimated uncollectible amounts. (See Note 4)
Inventories. Inventories are recorded at the lower of cost, using the …
https://www.wichita.edu/_archive/services/controller/Accounting/_documents/afr_17.pdf