At the Beginning of Its Fiscal Year, a Local Government

Multiple Choice

At the beginning of its fiscal year, a local government owned an investment with a historical cost of $85 and a fair value of $95.During the year, dividends of $2 were received.At the end of the year, the investment had a fair value of $100.The amount that should be recognized on the governmental fund financial statements for the year as investment income is

A) $-0-.
B) $7.
C) $15.
D) $17.