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Liono4ka [1.6K]
3 years ago
7

The town of Conway opened a solid waste landfill several years ago that is now filled to capacity. The city initially anticipate

d 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.
Business
1 answer:
natulia [17]3 years ago
4 0

Answer:

Option D

Landfill Closure Liability  2,000,000

Cash  2 ,000,000

Explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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Answer:

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As per given data

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Place value value in the formula

y = 100 x 30^ -0.152 = 59.6 hours

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bulgar [2K]

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Congratulations! You were the 10th caller on the KMTH morning show and you just won $3,000.00. After you calm down, you decide t
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Answer:

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Explanation:

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<em>P/YR = 12</em>

<em>N = 5 x 12 = 60</em>

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Using a Financial calculator to enter the parameters as above the Future Value (FV) is $4,697.04

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The Starr Co. just paid a dividend of $1.85 per share on its stock. The dividends are expected to grow at a constant rate of 4 p
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Answer:

Explanation:

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growth rate = 4% (g)

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Current price = D1/(r-g) = 1.924/(0.12-0.04) = 24.05

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7 0
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Answer:

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Therefore the amount of the annual interest tax shield is $3,675

7 0
3 years ago
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