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Under Modified Accrual Accounting, When Should Revenues Be Recognized by a Governmental-Type

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Under modified accrual accounting, when should revenues be recognized by a governmental-type fund?


Definitions:

Extravagant Spending

Utilizing money in an excessive or lavish way without considering future needs or financial limitations.

Feeding Herself

The ability of an individual, typically a child, to eat or drink independently without assistance.

Episodic Memory

Long-term memory of specific experiences or events, linked to time and place.

Procedural

Related to or involving a specific procedure or method of doing something, often within a legal or organizational context.

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