ACC 574 Final Exam
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1) Recognizing revenues when measurable and available for paying current obligations and expenditures when incurred describes which basis of accounting?
1. Budgetary
2. Modified cash
3. Modified accrual
4. Accrual
2) Which of the following uses the flow of economic resources measurement focus?
1. Internal Service Fund
2. Special Revenue Fund
3. Debt Más
