Under the Modified Accrual Basis of Accounting, Expenditures Generally Are

question 17

Multiple Choice

Under the modified accrual basis of accounting, expenditures generally are not recognized until:

• A) They are paid in cash.
• B) An obligation is incurred that will be paid from currently available financial resources.
• C) Goods or services are ordered.
• D) They are approved by the legislative body.

---

Definitions:

Interviewed

The process of asking questions and obtaining answers from someone, especially for research or journalistic purposes.

Retrograde Amnesia

An inability to retrieve information from one’s past.

Adolescent

A developmental stage occurring between childhood and adulthood, typically associated with the teenage years, marked by rapid physical, emotional, and social changes.

Young Adulthood

The life stage following adolescence, typically between the ages of 20 to 40, characterized by increased independence and responsibility.