Under the modified accrual basis, revenues are considered susceptible to accrual if

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Under the modified accrual basis, revenues are considered susceptible to accrual if they are both available to finance current period expenditures and objectively measurable. This means that the revenue must be expected to be collected within the current period and must be measurable in a reliable and verifiable way. Additionally, the revenue must be available to be used to finance current period expenditures, meaning it cannot be restricted for future periods or specific purposes.

Under the Modified Accrual Basis, Revenues Are Considered Susceptible to Accrual