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Alisiya [41]
3 years ago
13

Some discount stores put products in large bins and let consumers hunt and find bargains.

Business
1 answer:
galben [10]3 years ago
7 0

Answer:

The correct answer is (B)

Explanation:

Many shopping stores have product stacked up in bins and they let customers look for the desired product. Usually, these products are on sale and they cost less compared to other products. The cost customers pay on these products include; the price of the product, the time they spent on looking for that specific product and the energy they wasted.

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At the beginning of year 2, a government entity had a $500,000 judgment outstanding. The government entity paid $400,000 of the
viktelen [127]

The amount that the government entity report should report as a liability for the judgment in its year 2 governmental fund financial statements is $25000.

<h3>What is liability?</h3>

"At the beginning of year 2, a government entity had a $500,000 judgment outstanding. The government entity paid $400,000 of the judgment during year 2. The remaining balance of the judgment includes $25,000 payable early in year 3 and $75,000 payable at the end of year 4. What amount should the government entity report as a liability for the judgment in its year2 governmental fund financial statements?

A) $500,000 B) $100,000 C) $75,000 D) $25,000

It should be noted that liability simply means the future sacrifices of economic benefit that an entity is obliged to make.

Here, the amount that the government entity report should report as a liability for the judgment in its year 2 governmental fund financial statements is $25000.

Learn more about liability on:

brainly.com/question/25012970

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