50. A city has a solid waste landfill that was filled 12 percent in Year 1 and 26 percent in Year 2. Dur¬ ing those periods, the government expected that total closure costs would be $2 million. As a result, it paid $50,000 to an environmental company on July 1 of each of these two years. Such payments will continue for several years to come. Indicate whether each of the following independent state¬ ments is true or false and briefly explain each answer.

a. The government-wide financial statements will show a $230,000 expense in Year 2 but only if reported in an enterprise fund.

b. The fund-based financial statements will show a $50,000 liability in Year 2 if this landfill is reported in the General Fund.

c. The fund-based financial statements will show a $50,000 liability at the end of Year 2 if this landfill is reported in an enterprise fund.

d. If this landfill is reported in an enterprise fund, the government-wide financial statements and the fund-based financial statements will basically have the same reporting.

e. The govermnent-wide financial statements will show a $420,000 liability at the end ofYear 2.

f. Over the landfill’s entire life, the amount of expense recognized in the government-wide finan¬ cial statements will be the same as the amount of expenditures recognized in the fund-based financial statements.