Explain the modified accrual basis of accounting. Why is it used for governmental fund financial statements?

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078025822

17th edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson

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Question Posted: Oct 24, 2016 04:47 AM

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Explain the modified accrual basis of accounting. Why is it used for governmental fund financial statements?

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Accounting for Governmental and Nonprofit Entities

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