The Town of Aderville pays salaries to its General Fund employees in the amount of $2,400,000

during the current fiscal year. General Fund employees earned another $120,000 for work per-

formed for which they have not been paid at the end of the towns fiscal year. How much should

the Town of Aderville report as expenditures for salaries in its General Fund for its current fiscal

year?

a. Nothing because governments report expenses not expenditures in the General Fund.

b. $2,520,000

c. $2,400,000

d. $120,000