GFOA Exam CPFO Topic 8 Question 4 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 4
Topic #: 8

The modified accrual basis of accounting is characterized by:

Arevenues being recognized when realized.

Brevenues being recognized when measurable and available.

Cassets included in the general fixed asset account group.

Dexpenditures recorded when warrants are paid.

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Suggested Answer: B

by Marti at May 04, 2022, 11:33 PM

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