Pollution Remediation Costs

Multiple Choice

Pollution remediation costs:

A) Are recorded as expenses when incurred if they will be paid from current resources.
B) Are to be accrued as a liability in the basic financial statements as required by GASB Statement 49.
C) Can be the responsibility of state and local governments even if the government did not operate, but merely used the site.
D) B and C are correct statements.