In the year 2018, a government unit operates landfill under enterprise fund. It estimates that the total capacity will be 4,800,000 cubic feet that the site will be used for 25 years and that total closure costs will be OMR 6,000,000.

During the Year 2019, the government uses 120,000 cubic feet of the landfill. At year-end, it estimates that the total capacity will be 4,500,000 cubic feet but that closure-related costs will now be OMR 7,200,000. The fund already recognized OMR 12,500 in the year 2018. Calculate the required addition to the liability for the year 2019.

a-OMR 179,500

b-None of them

c-OMR 192,000

d-OMR 167,500

2-

The amount that can be used by a governing body that has been delegated by the government based on governments intentions is called:

a-Un assigned fund balance

b-Restricted fund balance

c-Assigned fund balance

d-Committed fund balance