A Government Reported an Other Financing Source in the Amount

question 129

Multiple Choice

A government reported an other financing source in the amount of $900,000 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 $400,000. The amount that would be reported in the government-wide Statement of Activities would be:

• A) A gain of $1,300,000.
• B) A gain of $ 900,000.
• C) A gain of $ 500,000.
• D) A gain of $ 400,000.

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Definitions:

Multinational Organizations

Entities that operate in several countries, managing production or delivering services across international borders.

Repatriate

A person who returns to their country of origin or citizenship after living abroad. In a corporate context, it can refer to employees returning home after an international assignment.

Communication

The exchange of information, thoughts, or messages between individuals or groups, using various methods such as speech, writing, or signals.

Expatriate

An individual who is temporarily or permanently residing in a country other than their native country, often for work reasons.