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F8 F11 kspace 25. This question deals with the recognition of revenues and expenditures under the modified accrual method. A. Revenues Give the general rule

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F8 F11 kspace 25. This question deals with the recognition of revenues and expenditures under the modified accrual method. A. Revenues Give the general rule for when revenues should be recognized under the modified accrual method. (2) a. Give an example of when the reopgnition of a revenue would be different under full accrual accounting and modified accrual. I am looking for you to give an example of some tax, grant, or other type of revenue, and say when it would be recognized under each method. (3) b. B. Expenditures a. Give the general rule for when expenditures should be recognized under the modified accrual method. (2) Give an example of when the recognition of a expenditure under modified accrual would be different from recognition of an expense under full accrual accounting. I am looking for you to give an example of some specific type of payment or expenditure or expense, and say how it would be recognized under each method. (3) b

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