Multiple Choice
Under the accrual basis of accounting, imposed nonexchange revenues (such as fines) should be recognized
A) when assessed.
B) when the government has an enforceable legal claim.
C) when collected.
D) when the government has an enforceable legal claim and when collected within the current period or soon enough thereafter to be used to pay the liabilities of the current period
Correct Answer:

Verified
Correct Answer:
Verified
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