Linden County Operates a Solid Waste Landfill That Is Accounted

Linden County operates a solid waste landfill that is accounted for in an enterprise fund. The county calculated this year's portion of the total closure and postclosure costs associated with the landfill to be $300,000. The entry(ies) to record this cost should be

A) Debit landfill expense $300,000; Credit liability for landfill costs $300,000
B) Debit landfill expense $300,000; Credit liability for landfill costs $300,000 AND include an addition of $300,000 on the schedule of changes in long-term obligations.
C) Show only an addition of $300,000 on the schedule of changes in long-term obligations.
D) No entry in the fund; No addition on the schedule of changes in long-term obligations.

Correct Answer:

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