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When Should Property Taxes Be Recognized Under Modified Accrual Accounting

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When should property taxes be recognized under modified accrual accounting?


Definitions:

Generalization

The process by which the brain applies learned responses to similar stimuli beyond the original situation.

Conditioned Response

A learned reaction to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Neutral Stimulus

A stimulus that initially does not elicit any intrinsic response until it is paired with an unconditioned stimulus in classical conditioning.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

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