EX.

4-1

\ Select the best answer.\ Under the modified accrual basis of accounting nues cannot be recognized\ a. Until cash has been collected\ b. Unless they will be collected within 60 da of year-end\ c. Until they are subject to accrual\ d. Until they are measurable and available\ "Available" (as in "measurable and availabl\ a. Available to finance expenditures of the current period\ b. Subject to accrual\ c. Collectible\ d. Available for appropriation

EX. 4-1 Select the best answer. 1. Under the modified accrual basis of accountin nues cannot be recognized a. Until cash has been collected b. Unless they will be collected within 60 da of year-end c. Until they are subject to accrual d. Until they are measurable and available 2. "Available" (as in "measurable and availabl a. Available to finance expenditures of the current period b. Subject to accrual c. Collectible d. Available for appropriation