13. T, F. GASB Statement No. 33 Acco provides a very useful guide as to when to recognize revenue in g statements unting and financial Reporting for Non-exchange Trans overnment-wide financial 14. Under the modified accrual basis of accounting, revenues cannot be recognized a. Until cash is collected b. Unless they will be collected within 60 days c. Until they are subject to accrual d. Until they are measurable and available. e. None of the above. 15. "Available" ( as in measurable and available") means a. Available to finance expenditure of the current period b. Subject to accrual c. Collectible d. Available for appropriations e. None of the above PART II SHORT PROBLEMS (60 Points) For the Fiscal Year 2017, Twin City levied $500 million in property Taxes. It collected taxes applicable to the City as follows: June 1, through September 30, 2017 $20 million October 1 through November 30, 2017 $460 million December 2017 The City recognizes that $10 million will not be collectible. 1. $ 10 million