Franklin County Operates a Solid Waste Landfill That Is Accounted

Multiple Choice

Franklin County operates a solid waste landfill that is accounted for in an enterprise fund.The County calculated this year's portion of the total closure and postclosure costs associated with the landfill to be $300,000.The entry(ies) to record this cost should be

A) Debit Landfill Expense $300,000; Credit Liability for Landfill Costs $300,000.
B) Debit Landfill Expense $300,000; Credit Liability for Landfill Costs $300,000 AND include an addition of $300,000 on the Schedule of Changes in Long-Term Obligations.
C) Show only an addition of $300,000 on the Schedule of Changes in Long-Term Obligations.
D) No entry in any fund; No entry in the Schedule of Changes in Long-Term Liabilities.