Under the Modified Accrual Basis of Accounting, Revenues Should Be

question 6

Multiple Choice

Under the modified accrual basis of accounting, revenues should be recognized when

• A) Earned.
• B) Collected in cash.
• C) Authorized by the budget ordinance.
• D) Measurable and available.

---

Definitions:

Sodium Chloride

A chemical compound, also known as table salt, used mainly in the food industry as a flavor enhancer and preservative, as well as in medical treatments.

Fluid Therapy

The medical practice of replenishing bodily fluids and electrolytes via oral or intravenous route to treat dehydration or electrolyte imbalances.

Traumatic Brain Injury

A form of acquired brain injury occurring when a sudden trauma causes damage to the brain.

Lactated Ringer's

An intravenous solution used for fluid and electrolyte replenishment in patients, contains sodium chloride, sodium lactate, potassium chloride, and calcium chloride.