A material gain resulting from condemning land for public use would be reported on the income statement

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A material gain resulting from condemning land for public use would be reported on the income statement as a(n):

A. extraordinary item.

B. other income item.

C. restructuring charge.

D. fixed asset impairment.

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Financial Accounting

ISBN: 9780324380675

10th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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