If a government has an established legal claim associated with a revenue source, but has not collected

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If a government has an established legal claim associated with a revenue source, but has not collected any of the revenues, governmental fund revenues

a. Should be recognized.

b. Should be recognized if the resources also are legally available.

c. Should be recognized at the point the revenues are collected.

d. Should be recognized when collected if they are also legally available.

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Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

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Question Posted: Feb 24, 2024 05:00 AM

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If a government has an established legal claim associated with a revenue source, but has not collected

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b Should be recognized if the resources also are legall...View the full answer

Governmental And Nonprofit Accounting Theory And Practice

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