Under the modified accrual basis of accounting, revenues cannot be recognized 1. Until cash has been collected 2. Unless they will be collected within 60 days of year-end 3. Until they are subject to accrual 4. Until they are measurable and available
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Home » Business » Under the modified accrual basis of accounting, revenues cannot be recognized 1. Until cash has been collected 2. Unless they will be collected within 60 days of year-end 3. Until they are subject to accrual 4.