The Accrual Basis of Accounting Applicable to Proprietary Fund Types

question 64

Multiple Choice

The accrual basis of accounting applicable to proprietary fund types requires that exchange revenues be recognized when

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

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Definitions:

Distribution of Data

The way in which data values are spread or scattered across a range, which can be depicted in various formats like graphs or charts.

Rank Order

A method of arranging items in a sequence, where each item is ranked based on its value or importance.

Shape

A term in statistics and mathematics describing the geometric or visual characteristics of a dataset or distribution, such as symmetry or skewness.

Stem-and-Leaf Display

A graphical method used to display quantitative data where each number is split into a stem (the leading digits) and a leaf (the last digit).