under the modified accrual basis of accounting revenues should be recognized when spent earned realizable avaiable

Question

Question

under the modified accrual basis of accounting revenues should be recognized when

spent

earned

realizable

avaiable

Answer 1

Answer #1

Under the modified accrual basis of accounting revenues should be recognized when they are measurable and available

Revenues should be recognized when they are measurable and available for financing the expenditure for the current period.

Option D is correct

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Answer 2

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