Solved

Under Modified Accrual Accounting,property Tax Revenue Should Be Recognized When

Question 133

True/False

Under modified accrual accounting,property tax revenue should be recognized when measurable and available; available means collected no more than 60 days after year-end.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q6: Modified accrual accounting records encumbrances when goods

Q89: GASB requires that the budgetary basis of

Q113: Expenditure classification by character includes current, capital

Q121: When supplies ordered for use in an

Q129: Real estate property taxes are an example

Q133: Under GASB Statement 33 requirements for accrual

Q136: Revenues,but not expense are recorded the same

Q137: The general ledger journal entry in the

Q138: When recording the budget,an excess of estimated

Q150: Rainy day funds that are available "in