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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 4: Accounting for Governmental Operating Activities–Illustrative Transactions and Financial Statements
  5. Question
    Under the Modified Accrual Basis of Accounting, Revenues Should Be
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Under the Modified Accrual Basis of Accounting, Revenues Should Be

Question 74

Question 74

Multiple Choice

Under the modified accrual basis of accounting, revenues should be recognized when


A) Realizable.
B) Earned.
C) Available.
D) Spent.

Correct Answer:

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