Business, 29.05.2020 16:59 joelpimentel

Linden County operates a solid waste landfill that is accounted for in an enterprise fund. The county calculated this yearâ 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 the fund; No addition on the schedule of changes in long-term obligations.

Answers: 3

Show answers

Another question on Business

Business, 20.06.2019 18:04

Over the past year, how often did crawford construction sell and replace it's inventory

Answers: 1

Answer

Business, 22.06.2019 08:40

Which of the following is not a characteristic of enterprise applications that cause challenges in implementation? a. they introduce "switching costs," making the firm dependent on the vendor. b. they cause integration difficulties as every vendor uses different data and processes. c. they are complex and time consuming to implement. d. they support "best practices" for each business process and function. e. they require sweeping changes to business processes to work with the software.

Answers: 1

Answer

Business, 22.06.2019 19:50

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?

Answers: 1

Answer

Business, 22.06.2019 21:50

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.

Answers: 2

Answer

You know the right answer?

Linden County operates a solid waste landfill that is accounted for in an enterprise fund. The count...

Questions