From the perspective of a bureaucrat, which government accounting method (Cash Basis, Modified Accrual or Full...

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Accounting

From the perspective of a bureaucrat, which governmentaccounting method (Cash Basis, Modified Accrual or Full Accrual) ismore feasible for each revenue source? Explain your response.
State Income Taxes   D. Motor FuelTaxes          G.Gaming Fees (casinos)
Public Utility Fees    E. Licenses andFees          H. BlockGrants
Donations                F. SalesTaxes                    I. Property Taxes

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Cash Basis of Accounting Method Cash basis refers to a major accounting method that recognizes revenues and expenses at the time cash is received or paid out Modified Accrual method of accounting Modified accrual accounting is an alternative book keeping method that combines accrual basis accounting with cash basis accounting It recognizes revenues when they become available and measurable and with a few exceptions records expenditures when liabilities are incurred Modified accrual accounting borrows elements from both cash and accrual accounting depending on whether assets are longterm such as fixed assets and longterm debt or shortterm such as accounts receivable AR See Answer

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