Answer the following questions about methods of accounting. 1. On the accrual basis of accounting, revenues and support are recognized when an organization ____ an amount that it is likely to collect,...

Answer the following questions about methods of accounting.

1. On the accrual basis of accounting, revenues and support are recognized when an organization ____ an amount that it is likely to collect, and it recognizes expenses when it ____ a resource.

2. Accrual-based expenses associated with capital assets are called ____.

3. Capital projects are evaluated on the ____ basis of accounting.

4. Loan repayments are resource outflows on the ____ basis of accounting, but not on the ____ basis of accounting.

5. Borrowed amounts are resource inflows on the ____ basis of accounting, but not on the ____ basis of accounting.