Real estate property taxes are an example of derived tax revenue.
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Q8: There are no expenses in modified accrual
Q9: When using modified accrual accounting, revenues should
Q10: Encumbrances under modified accrual accounting are recognized
Q11: The term, Fund Balance, is used to
Q12: The modified accrual basis is a distinct
Q14: A nonexchange transaction is one where a
Q15: Outstanding encumbrance of $80,000 for the purchase
Q16: Budgets are legally binding upon administrators.
Q17: If "rainy day" funds are available "in
Q18: $200,000 of unencumbered funds to be used
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