Under the Modified Accrual Basis of Accounting Used by the General

question 81

Multiple Choice

Under the modified accrual basis of accounting used by the General Fund, financial resources are considered available if the revenue or other financing source is expected to be collected

• A) Within 60 days after year-end.
• B) Within 90 days after year-end.
• C) During the current fiscal period.
• D) During the current fiscal period or soon enough after year-end to pay current period obligations.

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Definitions:

Symbolize

To represent something abstract by a symbol or symbols.

X-rayed

The process of examining the internal structure of objects using X-rays.

Symbolize

To represent or stand for something else, especially through the use of symbols or symbolic actions.

Conjuncts

Components of a larger logical structure or statement that are joined together by a conjunction, each of which is necessary for the truth of the whole.