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Marsh Lake County Operates a Solid Waste Landfill That Is

Question 33

Multiple Choice

Marsh Lake County operates a solid waste landfill that is accounted for in a governmental fund.The County calculated this year's portion of the total closure and postclosure costs associated with the landfill to be $600,000.The entry to record this cost should be


A) Debit Landfill Expenditure $600,000; Credit Liability for Landfill Costs $600,000.
B) Debit Landfill Expenditure $600,000; Credit Liability for Landfill Costs $600,000 AND include $600,000 as an addition on the Schedule of Changes in Long-Term Obligations.
C) No entry in the fund; include $600,000 on the Schedule of Changes in Long-Term Obligations.
D) No entry in any fund or Schedule.

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