Ideally, Under the Accrual Basis of Accounting, License Fees, Permits

Multiple Choice

Ideally, under the accrual basis of accounting, license fees, permits, and other miscellaneous revenue should be recognized

A) when cash is received.
B) when the exchange takes place.
C) over the period during which the government obtains an enforceable legal claim.
D) when related expenditures are incurred.