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Under modified accrual accounting, when are expenditures recorded?
Reasonable Course
A course of action that a prudent person would believe to be appropriate under the circumstances.
Unfinished Goods
Products that are in the process of being manufactured but are not yet complete.
Suspension of Performance
A temporary cessation of the fulfillment of a party's contractual obligations due to certain conditions or events.
Convention on Contracts
A framework of rules designed to facilitate international trade by establishing uniform legal standards for contracts.
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