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A government reported an other financing source in the amount of $600,000 related to the sale of land in its governmental funds Statement of Revenues, Expenditures and Changes in Fund Balances. The land had a cost of $170,000. The amount that would be reported in the government-wide Statement of Activities would be:

A. A gain of $ 770,000

B. A gain of $ 600,000

C. A gain of $ 430,000

D. A gain of $ 170,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9418918

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