In special revenue funds, revenues are recognized when available and measurable.
Answer the following statement true (T) or false (F)
True
Special Revenue Funds use modified accrual accounting. Revenues are recognized when they are both measurable and available to finance expenditures of the current period.
You might also like to view...
Answer the following statements true (T) or false (F)
1. Viral staffing is the term used to describe working from home or remote locations using a variety of information technologies. 2. Meetings that are conducted via telecommuting use video and audio links along with computers to let people in different locations see, hear, and talk with one another. 3. Collaborative computing involves using state-of-the-art computer software and hardware to help people work better together. 4. Integration management is the implementation of systems and practices to increase the sharing of knowledge and information throughout an organization.
The first major provision of the FLSA concerns ____________________.
A. underage employees B. the unskilled workforce C. new hires D. the federal minimum wage E. profit sharing
A cover message should motivate ________ in the closing paragraph by asking confidently for an interview
Fill in the blank(s) with correct word
Inputs to a production system that do not have market prices are those held in the ________
Fill in the blanks with correct word