1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
Which would you need in the event of professional mishaps?
Artyom0805 [142]
You will need...A. insurance in the event of a proffesional mishap.
8 0
3 years ago
Read 2 more answers
You have informed users that you need to bring the machine down at the end of the day to perform routine maintenance. However, p
Rom4ik [11]

Answer:

shutdown -h +15 It is time for a shutdown!

Explanation:

shutdown -h +15 It is time for a shutdown!

5 0
4 years ago
A cement manufacturer has supplied the following data: Tons of cement produced and sold 275,000 Sales revenue$979,000 Variable m
tresset_1 [31]

Answer:

65%

Explanation:

Given that

Sales = $979,000

Variable manufacturing expense = $232,000

Variable selling and administrative expense = $110,650

The computation of contribution margin ratio is shown below:-

Contribution margin ratio = (Sales - Variable manufacturing expense - Variable selling and administrative expense) × 100 ÷ Sales

= ($979,000 - $232,000 - $110,650) × 100 ÷ $979,000

= ($979,000 - $342,650) × 100 ÷ $979,000

= $636,350 × 100 ÷ $979,000

= 65%

3 0
3 years ago
An advertising agency conducted a research to analyze the effects of advertising on the buying behavior of consumers. It was fou
Feliz [49]

Answer:

There is a positive linear relationship between the frequency of advertising and the sales of the advertised product.

Explanation:

A linear relationship is stablished between 2 quantitative variables that have constant proportionality. In this case, the variables are directly proportional to eachother as they move in the same direction. In addition, they are both increasing. So, we can conclude these variables have a positive linear relationship.

8 0
4 years ago
(Consider This) In 1975, McDonald's introduced its Egg McMuffin breakfast sandwich, which remains popular and profitable today.
Masteriza [31]

Answer:

C. consumer sovereignty.

Explanation:

Consumer sovereignty in economics imply that consumers have the power to determine what will be produced. They do this by demanding for products they want, increasing its supply and demanding less of products they do not want which reduces its supply.

I hope my answer helps you

7 0
3 years ago
Other questions:
  • During the obama administration, the development of low-cost batteries for electric cars received large amounts of federal fundi
    8·2 answers
  • Scenario: Over the last several months, there has been a rapid increase in the number of loans that banks have provided for mort
    14·2 answers
  • Regina owns and operates her own bakery and coffee shop. regina has no accounting training and has only three employees. how doe
    8·1 answer
  • Most consumer complaints are resolved by:
    14·2 answers
  • Mikey initially invested $2,400 in a company and has held this investment for 3 years. He sold the investment after 3 years for
    6·1 answer
  • How do current events impact market performance and how does this influence policy decisions?
    8·1 answer
  • Explain why the bank has asked to see your business financial records?​
    7·1 answer
  • If the nominal interest rate is 7 percent and the real interest rate is -2.5 percent, then the inflation rate is Group of answer
    14·1 answer
  • The sum of all five terms of an arithmetic sequence is $55$. Find the sum of the first three terms of the sequence if the sum of
    5·1 answer
  • condominiums usually require a monthly fee for various services. at $320 a month, how much would a homeowner pay over a period o
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!