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    Essentials of Accounting Study Set 3
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    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    Under the Modified Accrual Basis, Property Taxes Are Recognized in the Period
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Under the Modified Accrual Basis, Property Taxes Are Recognized in the Period

Question 70

Question 70

True/False

Under the modified accrual basis, property taxes are recognized in the period in which cash is received, regardless of when the taxes were levied.

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