Under the Modified Accrual Basis of Accounting,revenue Should Be Recognized

question 68

Multiple Choice

Under the modified accrual basis of accounting,revenue should be recognized when it is:

• A)measurable and earned.
• B)received in cash.
• C)available and earned.
• D)measurable and available.

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Definitions:

Father Leaves

A situation where a father physically and/or emotionally exits the family unit, leaving a gap in parental care and involvement.

Latchkey Children

Children who return from school to an empty home because their parents or guardians are at work, or who are left with minimal supervision.

1960s

The decade ranging from 1960 to 1969, notable for significant cultural, political, and social change worldwide.

Foster Care System

A government or private system designed to temporarily provide care for children who are unable to live with their biological families, often due to abuse or neglect.