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Test Prep Certified Government Financial Manager
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Question #14
#14
Multiple Choice
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The modified accrual basis of accounting is characterized by:
A.
revenues being recognized when realized.
B.
revenues being recognized when measurable and available.
C.
assets included in the general fixed asset account group.
D.
expenditures recorded when warrants are paid.
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Exam CGFM Topic 1 Question 14
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