Modified accrual basis revenue recognition is often referred to as near cash basis revenue recognition. Explain why

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Modified accrual basis revenue recognition is often referred to as “near cash basis” revenue recognition. Explain why this statement probably is made. Do you agree? Explain.

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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Question Posted: Oct 25, 2014 04:53 AM

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Modified accrual basis revenue recognition is often referred to as near cash basis revenue recognition. Explain why

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When using the cash basis of revenue recognition revenue is recognized when cash is received Modifie...View the full answer

Governmental and Nonprofit Accounting

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