A nongovernmental not-for-profit organization received the following donations of corporate stock during the year:Donation 1 Donation 2Number of shares 2,000 3,000Adjusted basis $8,000 $5,500Fair value at time of donation 8,500 6,000Fair value at year end 10,000 4,000What net value of investments will the organization report at the end of the year? A. $12,000B. $13,500C. $14,000D. $14,500
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A nongovernmental not-for-profit organization received the following donations of corporate stock during the year:Donation 1 Donation ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
2. What type of market is Huy Fong targeting with its sriracha sauce? 3. Of the four categories of segmentation variables, which is most important to Huy Fong's segmentation strategy, and why?
Answers (1)
People bring their abilities, goals, and experiences to each and every situation, which often changes the situation. Conversely, because situations have unique characteristics, such as opportunities and rewards, they change people.
Answers (1)
Both examples below illustrate which element of the assertive message format? example 1: "yesterday, kristopher promised me he would stop coming over to my house without calling first. today, he stopped by without clearing it with me.
Answers (1)
Q 8.6: what happens if the amount of uncollectible account expense is overstated at year end?
Answers (1)
What is the purpose of a report? A. To design a custom form to create a new table B. To organize data into a table C. To search for specific information in a table D. To display data returned from a query in a specially formatted way
Answers (1)
New Questions in Business
Your firm has $500 million of investor-supplied capital, its return on investors' capital (ROIC) is 15%, and it currently has no debt in its capital structure (i. e., wd = 0).
Answers (1)
Diseconomies of scale imply that the average total cost curve is downward-sloping in the long run. a. True b. False
Answers (1)
Henrich is a single taxpayer. In 2019, his taxable income is $455,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios?
Answers (1)
When a company buys equipment for $150,000 and pays for one third in cash and the other two thirds is financed by a note payable, which of the following are the effects on the accounting equation? A. Total assets decrease $50,000. B.
Answers (1)
Park Corporation issued 10-year bonds with a face value of $10,000,000. The face rate of interest on the bonds was 8%, and Park agreed to make semiannual payments. The market rate of interest at the time the bonds were issued was 6%.
Answers (1)