Multiple Choice
Under the modified accrual basis of accounting, GASB standards for property tax revenue recognition provide that revenue should not be recognized for property taxes collected:
A) More than 90 days after fiscal year end.
B) More than 60 days after fiscal year end.
C) More than 30 days after fiscal year end.
D) After fiscal year end.
Correct Answer:
Verified
Correct Answer:
Verified
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