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The city of Faraday has enacted a 5% hotel/motel tax on the amount people pay for staying in hotels or other lodgings in its jurisdiction.
The city of Faraday has enacted a 5% hotel/motel tax on the amount people pay for staying in hotels or other lodgings in its jurisdiction. From the statements below, choose the statement that best represents when the city of Faraday should recognize revenue from this tax on a modified accrual basis
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