Which of the following types of liabilities would be reported in a governmental fund?

When considering which types of liabilities are reported in a governmental fund, it's essential to recognize that governmental funds typically focus on current financial resources and obligations. These funds are often used to account for the day-to-day operations of government entities, and as such, they report only those liabilities that are due and payable within the current fiscal period.

In this context, vendor payables highlight obligations resulting from the purchase of goods or services. For a governmental fund, payables that are due within a specific timeframe, such as those due more than 60 days after the close of the fiscal year, would generally not be included in the reporting of current liabilities. However, any vendor payables that are due within the current fiscal year would indeed be reported, as they represent immediate financial obligations.

On the other hand, the unmatured balance of compensated absences and landfill closure costs represent long-term obligations that are not typically accounted for in governmental funds since they do not impact the current financial position and resources. Therefore, the appropriate classification of liabilities in this case focuses on the immediate and collectible nature of the obligations to ascertain if they belong to the governmental fund reporting framework.

Thus, the choice aligns with the principles of governmental accounting, ensuring that only those liabilities that are relevant to