$7.$ Under the modified accrual basis of accounting, the amount of property tax revenues that should be recognized by a government in the current year related to the current$-$year levy will be

a$)$ the total amount of the levy.

b$)$ the expected collectible portion of the levy.

c$)$ the portion of the levy collected.

d$)$ the portion of the levy collected in the current year or within sixty days after the end of the fiscal period.

$8.$ Under the modified accrual basis of accounting, investment revenues for the current period should include

a$)$ only interest and dividends received.

b$)$ all interest and dividends received during the period plus all accruals of interest and dividends earned.

c$)$ all interest and dividends received plus gains and losses on securities that were sold during the period.

d$)$ all interest and dividends received, all gains and losses on securities sold, and all changes in market values on securities held in the portfolio at year$-$end.

$9.$ Under the modified accrual basis of accounting used by governments, transactions that result in long$-$term liabilities

a$)$ are included on the fund statements as an expenditure.

b$)$ are included as a contra$-$account to revenue.

c$)$ are not recorded as expenditures.

d$)$ hidden for $10$ years from the taxpayers.

$10.$ Under the modified accrual basis of accounting, imposed nonexchange revenues $($such as fines$)$ should be recognized

a$)$ when assessed.

b$)$ when the government has an enforceable legal claim.

c$)$ when collected.

d$)$ when the government has an enforceable legal claim and when collected within the current period or soon enough thereafter to be used to pay the liabilities of the current period.

$11.$ Under the accrual basis of accounting, imposed nonexchange revenues $($such as fines$)$ should be recognized

a$)$ when assessed.

b$)$ when the government has an enforceable legal claim.

c$)$ when collected.

d$)$ when the government has an enforceable legal claim and when collected within the current period or soon enough thereafter to be used to pay the liabilities of the current period

Please help provide the solutions to these questions above. Thanks