A Municipality Allows Its Employees to Accumulate Up to 45

question 21

Multiple Choice

A municipality allows its employees to accumulate up to 45 days' vacation pay that may be "cashed in" by the employees on retirement.Many employees whose salaries are paid from General Fund appropriations avail themselves of this opportunity.Where does this liability appear on the governmental funds balance sheet when employees are not expected to retire in the near future?

• A)General Fund column;Accrued vacation leave caption
• B)This liability is not reported in the governmental funds balance sheet.
• C)General Fund column;Noncurrent liabilities caption
• D)General Fund column;Payable from restricted assets caption

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Definitions:

Goal Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives to strive for.

Learning Objectives

Clearly defined goals or outcomes of education or training, specifying what the learner should know, understand, or be able to do after the process.

Dysfunctional Eating Patterns

Eating behaviors that deviate from normal patterns to the extent that they may negatively impact health.

Relapse

Returning to a previous state or condition, often used in the context of illness or behavioral challenges like substance abuse after a period of improvement.