The Modified Accrual Basis Is a Distinct System of Accounting

question 71

Multiple Choice

The modified accrual basis is a distinct system of accounting that:

• A) Differs from accrual accounting only in its failure to recognize long term assets and liabilities.
• B) Records expenditures and fund balances.
• C) Records expenses and revenues the same as accrual accounting
• D) Is equivalent to cash basis accounting

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Definitions:

SBAR Recommendation

A structured communication method used in healthcare to facilitate prompt and appropriate communication. SBAR stands for Situation, Background, Assessment, and Recommendation.

Short Of Breath

A sensation of not being able to get enough air; a symptom of various medical conditions, also known as dyspnea.

Pulse Oximetry

A noninvasive method used to measure the oxygen saturation level of the blood, typically using a sensor placed on the fingertip.

Older Adult

An individual who is in the later stage of life, often defined as being 65 years or older, with considerations for their specific health and social needs.