Fennell County Operates a Solid Waste Landfill That Is Accounted

Fennell County operates a solid waste landfill that is accounted for in a governmental fund. The county calculated this year's portion of the total closure and postclosure costs associated with the landfill to be $600,000. The entry to record this cost should be

A) Debit landfill expenditure $600,000; Credit liability for landfill costs $600,000
B) Debit landfill expenditure $600,000; Credit liability for landfill costs $600,000 AND include $600,000 as an addition on the schedule of changes in long-term obligations.
C) No entry in the fund; include $600,000 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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