The General Fund paid $195,000 related to compensated absences during the year. If the beginning balance of long-term compensated absences payable for the governmental activities was $65,000 and the ending balance was $55,000, then the expenses related to compensated absences in the governmental activities column would be

Question

Quizplus · Accepted Answer

The expenses related to compensated absences in the governmental activities column would be equal to the change in the long-term compensated absences payable balance during the year, which is $65,000 beginning balance minus $55,000 ending balance plus $195,000 paid during the year, equaling $185,000. So, the correct answer is option B.

The General Fund Paid $195,000 Related to Compensated Absences During