Use the Following to Answer Questions 24 and 25

question 15

Multiple Choice

Use the following to answer questions 24 and 25:
A city starts a solid waste landfill during 2017. When the landfill was opened the city estimated that it would fill to capacity within 5 years and that the cost to cover the facility would be $1.5 million which will not be paid until the facility is closed. At the end of 2017, the facility was 20% full, and at the end of 2018 the facility was 45% full.
[QUESTION]
-On government-wide financial statements, which of the following are the appropriate amounts to present in the financial statements for 2018?

• A) Both expense and liability will be zero.
• B) Expense will be $300,000 and liability will be $600,000.
• C) Expense will be $600,000 and liability will be $600,000.
• D) Expense will be $675,000 and liability will be $600,000.
• E) Expense will be $375,000 and liability will be $675,000.

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Definitions:

Linked List of Structures

A linked list of structures is a data structure where each element is a structure and elements are connected using pointers, allowing dynamic memory management.

Addresses

Refers to specific locations in computer memory, each uniquely identifying a byte, that data and instructions reside in.

Dynamic Allocation

The process of assigning memory space for variables at runtime instead of compile time.

Malloc()

A standard library function in C that allocates a specified amount of memory and returns a pointer to the beginning.