Question
Under which basis of accounting for a government should revenues be recognized in the period when they are measurable and available? Accrual basis Modified accrual
| Under which basis of accounting for a government should revenues be recognized in the period when they are measurable and available? |
| Accrual basis | Modified accrual basis | |
| A) | Yes | No |
| B) | No | No |
| C) | No | Yes |
| D) | Yes | Yes |
| Choice A. |
Choice C.
Choice B.
Choice D.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
5th Canadian edition
1259269868, 978-1259269868
