Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

تمرين 66

The employees of the City of Jones earn vacation time that totals $1,000 per week during the year.Of this amount, $12,000 is actually taken in Year 1 and the remainder is taken in Year 2.
What liability should the city report on government-wide financial statements at the end of Year 1
a.It depends on whether the employees work at governmental activities or business-type activities.
b.$-0 -.
c.$40,000.
d.$52,000.