Which of the following would be recognized as a liability of the statement of financial condition (balance sheet) of Community Services, Inc.?
Samil & Co., a CPA firm, has performed its audit of Community Services’ financial statements and has not yet been paid for its services.
Community Service billed Mr. Kim, a client, $100 for the counseling services that he received last week.
Mr. Park, who was recently fired by Community Services, has filed a $2,000,000 wrongful discharge suit.
Community Services received a $52,000 grant from the Field Foundation that is restricted as support for Community Services’ counseling program.