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A county government has an investment in securities, purchased for $80,000, with a current fair...

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Accounting

A county government has an investment in securities, purchased for $80,000, with a current fair value of $100,000. How is this investment reported on a governmental funds balance sheet and on a proprietary funds statement of net position? Select one:

a. Governmental Funds Proprietary Funds $100,000 $80,000

b. Governmental Funds Proprietary Funds $80,000 $100,000

c. Governmental Funds Proprietary Funds $100,000 $100,000

d. Governmental Funds Proprietary Funds $80,000 $80,000

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