Under the Modified Accrual Basis of Accounting, the Amount of Property

question 23

Multiple Choice

Under the modified accrual basis of accounting, the amount of property tax revenues that should be recognized by a government in the current year related to the current-year levy will be

• A) the total amount of the levy.
• B) the expected collectible portion of the levy.
• C) the portion of the levy collected.
• D) the portion of the levy collected in the current year or within sixty days after the end of the fiscal period.

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