Question: Based upon the information below, for a governmental fund calculate the amount of revenues for the year using the modified accrual basis of accounting, assuming

Based upon the information below, for a governmental fund calculate the amount of revenues for the year using the modified accrual basis of accounting, assuming all deferred revenues are related to receivables where beginning AR is $40,000, beginning deferred revernue is $20,000, Receipts are $250,000, Ending AR is $50,000, Ending deferred revenues are $35,000

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