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Revenue from Nonexchange Transactions May Be Recognized in All of These

Question 28

Multiple Choice

Revenue from nonexchange transactions may be recognized in all of these circumstances,except


A) When the underlying transaction has occurred and the resources are available.
B) In the period for which property taxes are levied.
C) When all eligibility requirements have been met.
D) A purpose restriction imposed by a grantor has been met.

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