Question: Select the best answer. 1. Under the modified accrual basis of accounting, revenues cannot be recognized a. Until cash has been collected b. Unless they

Select the best answer.

1. Under the modified accrual basis of accounting, revenues

cannot be recognized

a. Until cash has been collected

b. Unless they will be collected within 60 days of

year-end

c. Until they are subject to accrual

d. Until they are measurable and available

2.

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