Jay County received a report from its actuary that stated its unfunded pension liability was $100,000, and a deposit of $15,000 needed to be made prior to the end of the fiscal year to the Pension Trust Fund. Jay should record:
A) an $100,000 expenditure in the general fund.
B) $100,000 as general long-term debt in the GLTDAG.
C) a $15,000 expenditure in the general fund.
D) None of the above.
Correct Answer:
Verified
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A)charged to expenditures
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