Under modified accrual accounting, revenues should be recognized when they are
A) collected.
B) realizable.
C) reasonably estimable.
D) measurable and available.
E) earned.

Name: Under modified accrual accounting, revenues should be recognized when they are A) collected. B) realizable. C) reasonably estimable. D) measurable and available. E) earned.
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Question

Quizplus · Accepted Answer

Under modified accrual accounting, revenues are recognized when they are both measurable and available to finance expenditures of the current period.

Under Modified Accrual Accounting, Revenues Should Be Recognized When They