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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: A court judgment was rendered against a county in which they were ordered to pay
Post by: goji.go on Oct 21, 2014
A court judgment was rendered against a county in which they were ordered to pay $500,000 in equal installments over a five-year period to the plaintiff. The county's General Fund will
A.   Report a fund liability of $500,000 in Year 1.
B.   Report expenditures of $500,000 in Year 1.
C.   Report expenditures of $100,000 in Year 1.
D.   Report expenditures of $100,000 in Year 1 and a fund liability of $400,000.


Title: Re: A court judgment was rendered against a county in which they were ordered to pay
Post by: f_zah1 on Oct 22, 2014
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Title: Re: A court judgment was rendered against a county in which they were ordered to pay
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: A court judgment was rendered against a county in which they were ordered to pay
Post by: f_zah1 on Oct 23, 2014
You're very welcome!