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

question 75

Essay

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

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Definitions:

Accelerated Tire Wear

The faster than normal deterioration of tire tread, often due to improper alignment, balance, or vehicle operation.

Directional Tracking

The ability of a vehicle to maintain a straight path or follow a desired course with minimal driver input.

Multi-axle Vehicle

Multi-axle vehicle is a term for vehicles equipped with more than the standard two axles, providing additional support for heavy loads or improving maneuverability.

Thrustline

Vehicle directional tracking line. Properly set axles should track perpendicular to the vehicle centerline. In other words, the rear wheels should track directly behind the front wheels when the vehicle is moving straight ahead, resulting in a directionally true thrust line. If this were not the case, some dog-tracking tendency would result.