Exercise $2-16($Static$)$ Part $12$

Under modified accrual accounting, revenues are recognized when management defines them as available for paying current$-$period obligations. Management considers its definition of the term available to be essential to the financial statement users' understanding of revenues recognized on the statement How would management communicate to users its definition of available?

Multiple Choice

As a note to the financial statements.

As a disclosure on the face of the financial statement.

As other supplementary information.

As required supplementary information.