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According to the Recommendations of the Public Sector Accounting Board,when

Question 25

Multiple Choice

According to the recommendations of the Public Sector Accounting Board,when should revenue be recognized related to funds received from external parties who have imposed restrictions that limit the use of the funds?


A) When the funds are pledged
B) When the funds are received
C) When the funds are disbursed
D) When the resources which were purchased with the funds are used

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