As Used in Defining the Term 'Modified Accrual Basis of Accounting

question 7

Multiple Choice

As used in defining the term 'modified accrual basis of accounting', available means

• A)received in cash.
• B)will be received in cash within 60 days of year-end.
• C)collection in cash is reasonably assured.
• D)collected within the current period or expected to be collected soon enough thereafter to be used to pay liabilities of the current period.