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Which of the following is not a characteristic of modified accrual accounting? Group of answer choices The relevant time frame is the fiscal year plus

Which of the following is not a characteristic of modified accrual accounting?

Group of answer choices

The relevant time frame is the fiscal year plus 120 days.

Revenues are recognized when they are measurable and available.

Expenditures occur as soon as the government becomes legally obligated to pay for a resource.

Long term assets do not appear in financial reports.

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