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1. Explain how modified accrual basis is different from cash basis in revenue recognition. 2. Explain how modified accrual basis is different from accrual basis

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1. Explain how modified accrual basis is different from cash basis in revenue recognition. 2. Explain how modified accrual basis is different from accrual basis in revenue recognition. 3. Explain the difference between imposed revenues and derived revenues. 4. At what point i.e. what triggers revenue to be recognized for derived revenues

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