Under the modified accrual basis of accounting, gains and losses on disposal of fixed assets
A)are not recognized.
B)are recognized when the proceeds cash of the sale are received on the installment basis.
C)are recognized only if there is a gain.
D)are recognized when the sale occurs, regardless of when the cash is collected.

Question

Quizplus · Accepted Answer

The Answer of Under the modified accrual basis of accounting, gains and losses on disposal of fixed assets
A)are not recognized.
B)are recognized when the proceeds cash of the sale are received on the installment basis.
C)are recognized only if there is a gain.
D)are recognized when the sale occurs, regardless of when the cash is collected.

Under the Modified Accrual Basis of Accounting, Gains and Losses