123.Contrast revenue recognition under the accrual and modified accrual bases of accounting. 124. Identify the accounting standard setting bodies for U.S. commercial, private not-for-profits, public...

123.Contrast revenue recognition under the accrual and modified accrual bases of accounting.

124. Identify the accounting standard setting bodies for U.S. commercial, private not-for-profits, public not-for-profits, state and local governments, and the federal government.

125. Contrast the economic resources measurement focus and the current financial resources measurement focus with regard to the accounting treatment of capital assets.