Business, 28.11.2019 00:31 emilypzamora11

The town of conway opened a solid waste landfill several years ago that is now filled to capacity. the city initially anticipated closure costs of $2 million. these costs were not expected to be incurred until the landfill is closed. what is the final journal entry to record these costs assuming the estimated $2 million closure costs were properly recorded and the landfill is accounted for in an enterprise fund?

a)

expense—landfill closure

2,000,000

landfill closure liability

2,000,000

b)

landfill closure liability

2,000,000

expense—landfill closure

2,000,000

c)

expense—landfill closure

2,000,000

cash

2,000,000

d)

landfill closure liability

2,000,000

cash

2,000,000

e)

expenditure- landfill closure

2,000,000

cash

2,000,000

entry a.

entry b.

entry c.

entry d.

entry e.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 14:00, breana758

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $

Answers: 3

continue

Business, 22.06.2019 14:50, 2020EIglesias180

Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)

Answers: 3

continue

Business, 22.06.2019 19:40, thomasalmo2014

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?

Answers: 1

continue

Business, 22.06.2019 20:00, samanthasheets8925

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.

Answers: 3

continue

You know the right answer?

The town of conway opened a solid waste landfill several years ago that is now filled to capacity. t...