Under the Accrual Basis of Accounting, Fines, License Fees, Permits

question 13

Multiple Choice

Under the accrual basis of accounting, fines, license fees, permits, and other miscellaneous revenue are generally recognized

• A)when cash is received.
• B)when assessed.
• C)when an enforceable legal claim exists.
• D)when an enforceable legal claim exists and the revenue is available.

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Definitions:

Diffusion of Responsibility

A socio-psychological phenomenon where individuals in a group are less likely to take action or feel a sense of responsibility in the presence of others.

Aggression

Any behavior intended to harm another person who is motivated to avoid the harm

Social Psychologists

Scientists who specialize in understanding how an individual's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Suicide

The act of intentionally causing one's own death, often as a result of despair, mental health conditions, or a perception of a lack of alternatives.