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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 1: Introduction to Accounting and Financial Reporting for Government and Not-for-Profit Entities
  5. Question
    Recognizing Revenues When Measurable and Available for Paying Current Obligations
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Recognizing Revenues When Measurable and Available for Paying Current Obligations

Question 15

Question 15

Multiple Choice

Recognizing revenues when measurable and available for paying current obligations and expenditures when incurred describes which basis of accounting?


A) Accrual.
B) Modified accrual.
C) Modified cash.
D) Budgetary.

Correct Answer:

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