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    Essentials of Accounting Study Set 2
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    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
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    Fines and Forfeits Are Typically Recognized
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Fines and Forfeits Are Typically Recognized

Question 93

Question 93

Multiple Choice

Fines and Forfeits are typically recognized:


A) When cash is received.
B) When cash is deposited.
C) When the transaction is finalized.
D) None of the above.

Correct Answer:

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