A city should record an unfunded liability for a claim from a citizen who files suit because their toddler drowned in the community swimming pool unattended by a lifeguard as:
A) an expenditure in the General Fund.
B) a liability in the GLTDAG.
C) an expenditure in a Special Purpose Fund.
D) a liability in the General Fund.
Correct Answer:
Verified
Q38: Property taxes in the amount of $3,000,000
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Q44: An expected expenditure is a(n):
A)approved financing use.
B)appropriation.
C)encumbrance.
D)expense.
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Q47: The purpose of an encumbrance is to:
A)amend
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