Agovernment 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.
Answers: 2
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Agovernment has a liability for accrued compensated absences at the beginning of 20x5 of $500,000. t...
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