Culver City Recognizes as Revenues/expenditures Those Amounts Collected/paid During the Year

question 53

Multiple Choice

Culver City recognizes as revenues/expenditures those amounts collected/paid during the year or within 60 days of fiscal year-end.The City offers a pension benefit to its employees who meet certain age and years of employment criteria.The City participates in the State Pension Plan.The City's actuarially determined contribution requirement to the State Pension Plan for the fiscal year ended 6/30/11 is $5 million.Due to cash inflow shortages the City, which budgeted $5 million for pension payments, paid only $4 million in the fiscal year ended 6/30/11.The City paid the remaining amount on September 30, 2011.Assuming the City maintains its books and records in a manner that facilitates the preparation of its fund financial statements, what is the appropriate entry to record the pension payments and recognize any associated liability?

• A)Debit Expenditures $5 million; Credit Cash $4 million and Pension payable $1 million.
• B)Debit Expenses $5 million; Credit Cash $4 million and Pension payable $1 million.
• C)Debit Expenditures $4 million; Credit Cash $4 million.
• D)Debit Expenses $4 million; Credit Cash $4 million.

Differentiate between appropriate and contraindicated nursing interventions for patients with specific gastrointestinal conditions, like severe hemorrhoids and incontinence.

Advise on nutritional management following gastric illnesses to support recovery.

Apply practical skills in ostomy care, including irrigation techniques and positioning.

Identify the impact of nutrient deficiencies on health.

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Definitions:

Contribution Margin Per Unit

The selling price per unit minus the variable cost per unit, representing the portion of sales revenue that is not consumed by variable costs and contributes to covering fixed costs.

Unit Selling Price

The price at which one unit of a product or service is sold to the customer.

Variable Cost

A variable cost changes in proportion to the level of output or activity, in contrast to a fixed cost which remains constant regardless of activity.