Due from General Fund 3. 13. T, F. GAS8 Statement No. 33 Accounting and financial Reporting for Non-exchange Transactie provides a very useful guide as to when to recognize revenue in government-wide financial statements 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)