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A not- for- profit hospital invests a $ 10,000 restricted donation in equity securities. At the date

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A not- for- profit hospital invests a $ 10,000 restricted donation in equity securities. At the date of its financial statements, the securities have a fair value of $ 12,000. How would the hospital report the increased value in its financial statements? Would your answer be the same for a governmental hospital?

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Notforprofit hospitals must report investments in equity sec...View the full answer


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PALASH JHANWAR
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Related Book For  book-img-for-question
Introduction to Governmental and Not for Profit Accounting

Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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