Under the Modified Accrual Basis of Accounting Applicable to Governmental

question 70

True/False

Under the modified accrual basis of accounting applicable to governmental fund types, property tax revenue is accrued and recorded at net realizable value.

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Definitions:

Percentile

A measure used in statistics to indicate the value below which a given percentage of observations in a group of observations falls.

Measures of Dispersion

Statistical indicators that describe the spread or variability of a data set.

Mode

The value that appears most frequently in a given set of data.

Range

The difference between the highest and lowest values in a dataset, providing a measure of data dispersion.