AICPA每日一练之FAR【2016-1-17】

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The gain or loss incurred by a government that disposes a portion of its operations is displayed as a(n):

a.Negative contribution.

b.Other financing source or use.

c.Special item.

d.Deferred inflow or outflow.

Answer:C

Choice "C" is correct. Gains or losses on disposals of governmental operations are displayed as a special item by the disposing government.Choice "b" is incorrect. Gains or losses on disposals of governmental operations are displayed as a special item by the disposing government, not an other financing source or use.Choice "d" is incorrect. Gains or losses on disposals of governmental operations are displayed as a special item by the disposing government, not a deferred inflow or outflow.Choice "a" is incorrect. Gains or losses on disposals of governmental operations are displayed as a special item by the disposing government, not a negative contribution.

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