Campbell county uses the consumption method to record all inventories and prepayments. the county has a 9/30 fiscal year-end. on april 1, 2018, the county purchased a two-year insurance policy at a total cost of $400,000, paying for the policy out of the general fund. in the fund financial statements, the amount of insurance expenditures for the fiscal year ended 9/30/18 would be

Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen