Which of the Following Statements Is not true Regarding Modified

Multiple Choice

Which of the following statements is not true regarding modified accrual accounting?

A) Expenditures and fund liabilities are recorded when goods and services are received.
B) Debt service expenditures for principal and interest are accrued.
C) Expenditures for claims and judgments and landfill post-closure care costs of governmental funds should be recognized to the extent that the liabilities are going to be paid with available resources.
D) Compensated absences and special termination benefits of governmental funds that will not be paid with available resources should be reported as liabilities in the government-wide statements.