Under the modified accrual basis of accounting, GASB standards for property tax revenue recognition provide that revenue
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Question:
Under the modified accrual basis of accounting, GASB standards for property tax revenue recognition provide that revenue should not be recognized for property taxes collected:
A) After fiscal year end.
B) More than 30 days after fiscal year end.
C) More than 60 days after fiscal year end.
D) More than 90 days after fiscal year end.
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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