Marsh Lake County operates a solid waste landfill that is accounted for in a governmental fund.The County calculated this year's portion of the total closure and postclosure costs associated with the landfill to be $600,000.The entry to record this cost should be
A) Debit Landfill expenditure $600,000; Credit Liability for landfill costs $600,000
B) Debit Landfill expenditure $600,000; Credit Liability for landfill costs $600,000 AND
Include $600,000 as an addition on the Schedule of Changes in Long-Term Obligations.
C) No entry in the fund; include $600,000 on the Schedule of Changes in Long-Term Obligations.
D) No entry in any fund or Schedule.
Correct Answer:
Verified
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