A Court Judgment Was Rendered Against a County in Which

Multiple Choice

A court judgment was rendered against a county in which they were ordered to pay $500,000 in equal installments over a five-year period to the plaintiff. The county's General Fund will

A) Report a fund liability of $500,000 in Year 1.
B) Report expenditures of $500,000 in Year 1.
C) Report expenditures of $100,000 in Year 1.
D) Report expenditures of $100,000 in Year 1 and a fund liability of $400,000.