The Public Utilities Enterprise Fund Was Ordered by the Court

question 27

Multiple Choice

The Public Utilities Enterprise Fund was ordered by the court to pay environmental damages of $500,000. The fund is to pay $100,000 immediately and the remaining $400,000 in equal installments for next four years. In the year of the judgment, the Enterprise Fund would report

• A) $500,000 in expenses.
• B) $500,000 in liabilities.
• C) $100,000 in expenses.
• D) Nothing. All amounts would be recorded in General Long-term Liabilities accounts.

---

Definitions:

Obstetrics

The branch of medicine that specializes in the care of women during pregnancy, childbirth, and the postpartum period.

Developing Fetus

The stage of human development inside the womb from the end of the embryonic period (around 8 weeks) until birth.

Magnetic Resonance Imaging

A medical imaging technique used in radiology to form pictures of the anatomy and the physiological processes of the body, using strong magnetic fields and radio waves.

Eye Makeup

encompasses cosmetic products intended to enhance the appearance of the eyes, such as eyeshadow, eyeliner, and mascara.