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  3. select one: a) a debit balance of $160,000 b) a de

Select One: A) A Debit Balance of $160,000 B) A Debit Balance of $240,000 C)...

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Accounting

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Select One:

A) A Debit Balance of $160,000

B) A Debit Balance of $240,000

C) A Debit Balance of $400,000

D) A Credit Balance of $160,000

The city of Staubach's general government employees-paid from General Fund resources, participate in a defined contribution plan sponsored by Staubach. During the current year, the city made $240,000 in cash contributions to its employees' individual defined contribution pension retirement accounts. Based on benefit terms, Staubach should have but did not contribute an additional $160,000 before the end of its fiscal year. What should be the balance of the Expenditures-pension account in Staubach's General Fund at its fiscal year-end

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