A government has a liability for accrued compensated absences at the beginning of 20X5 of 500,000 . This liability did not mature in 20X4 .
At the end of 20X5, the government has a liability for accrued compensated absences (not due and payable) of 600,000 . In addition, the government had 10,000 of matured compensated absences to be paid in early 20X6 from existing fund assets. The government paid compensated absences of 400,000 during 20X5 . The General Fund expenditures for compensated absences for 20X5 should be reported at what amount?
A. 400,000.
B. 410,000.
C. 500,000.
D. 510,000.
Question 2
The process of recording a transaction in the journal is called
a. ledgerizing
b. journalizing
c. posting
d. summarizing
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Government By the People, 2016 Presidential Election, 26th Edition