$17$

Multiple Choike

$4$ points

A town's garbage trucks accidentally sideswiped two parked automobiles in the fiscal year ended December $31,2022.$ One case wass expects to pay that claim in January $2023.$ In the other case, the claimant originally demanded $$15,000.$ The town attorney thinks the probably will take two years to settle the case.

What amount should the town report as a claims liability on the General Fund's December $31,2022$ balance sheet?

$$ $$13,000$

$$ $$18,000$

$$ $$0$

$$ $$3,000$

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