Please use the following choices to fill in the blanks below: a. modified accrual b. accrual c.

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Please use the following choices to fill in the blanks below:
a. modified accrual
b. accrual
c. cash

1. Under the _______ method of accounting, expenses are recognized when assets are used up, while under the _______ method, expenditures are recognized when the asset is purchased.

2. The local government’s water enterprise fund utilizes the _______ method of accounting because it is run like a business.

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Financial Management for Public, Health and Not-for-Profit Organizations

ISBN: 978-1506326849

5th edition

Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell

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Question Posted: Nov 08, 2022 01:59 AM

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Please use the following choices to fill in the blanks below: a. modified accrual b. accrual c.

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Financial Management for Public, Health and Not-for-Profit Organizations

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