A Municipality Incurs Liabilities in Its Operations (Such as Vacation

question 25

Multiple Choice

A municipality incurs liabilities in its operations (such as vacation leave and expected claim settlements) that could be classified as "long-term" because cash payouts will not occur for more than one year.The liabilities result from both governmental and proprietary activities.Where are these long-term liabilities reported in the fund-level balance sheets?

• A)as noncurrent liabilities,in the appropriate fund column,on both fund level balance sheets
• B)as noncurrent liabilities on both fund level balance sheets,but the long-term liabilities for governmental funds are reported only in the "total" column and not in any fund column
• C)as noncurrent liabilities in the proprietary funds balance sheet;but long-term liabilities are not reported in the governmental funds balance sheet
• D)long-term liabilities are not reported in the fund level balance sheets of either governmental or proprietary funds

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Definitions:

Levator Ani

A group of muscles located in the pelvis that support the pelvic organs and facilitate various functions such as defecation, urination, and childbirth.

Vaginal Sphincter

The muscle surrounding the vaginal opening, which helps in controlling the passage of fluids and, during childbirth, expands to allow for the baby's passage.

Anal Canal

The final segment of the digestive tract through which feces are expelled from the body.

Pelvic Floor

A group of muscles and ligaments in the pelvic region that supports the organs of the pelvis, including the bladder, intestines, and uterus in women.