Under Which Basis of Accounting for a Government Should Revenues

question 66

Multiple Choice

Under which basis of accounting for a government should revenues be recognized in the period when they are measurable and available?

• A) Accrual basis: No; Modified accrual basis: No
• B) Accrual basis: Yes; Modified accrual basis: No
• C) Accrual basis: Yes; Modified accrual basis: Yes
• D) Accrual basis: No; Modified accrual basis: Yes

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Definitions:

Turnover

The rate at which employees leave a company and are replaced by new ones, affecting stability and continuity.

Dissatisfied

A feeling of unhappiness or disappointment resulting from unmet expectations or needs.

Withdrawal

The action of removing oneself from participation or engagement in a particular situation, activity, or group, often due to dissatisfaction or conflict.

Reduced Job Performance

The decline in the effectiveness, efficiency, and quality of an employee's work output compared to established standards or expectations.