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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
Rep: 293 0
9 years ago
The attorneys for the City of Hensley believe that a lawsuit filed against the city will be settled late in the next fiscal year. The attorneys believe that it is probable that the city will have to pay the claimants $30,000 to settle the lawsuit, but it is possible that it could be settled for as little as $15,000 or as much as $40,000. How much should the city accrue as a liability in the General Fund for its current fiscal year?
      a.   $0
      b.   $15,000
      c.   $30,000
      d.   $40,000
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4 Replies
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
wrote...
#4
3 years ago
Thank You
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