Under the modified accrual basis, revenues are considered available to finance current period expenditures if

a. legally available to finance current period expenditures.
b. collected during the current period.
c. collected in the current period or soon enough thereafter to be used to pay liabilities of the current period.
d. both items a and b.
e. Both items a and c

E

Business

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The number of SEC enforcement actions have increased each year since 2005.

a. true b. false

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The four phases of the product life cycle are incubation, introduction, growth, and decline

Indicate whether the statement is true or false

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