During the current year, lO acres of lami that cost $200,000 were coinlcmned for construction of an
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During the current year, lO acres of lami that cost $200,000 were coinlcmned for construction of an inteislate highway. .Assuming th.il an award ol $,T50,000 in cash was ix’ceivc'd and that lln’ ap|illcable iiu'onu' l.ix on this trans.iction is 'l0%, how would this information bc' pix'senled in the income slali'inenl?
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Related Book For 
Financial Accounting
ISBN: 9780324188035
9th Edition
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
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