A material gain resulting from condemning land for public use would be reported on the income statement
Question:
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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Related Book For
Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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