21. In 2008, Wells Hospital received an unrestricted bequest of common stock with a fair value of...

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21. In 2008, Wells Hospital received an unrestricted bequest of common stock with a fair value of $50,000. The testator paid $20,000 for the stock in 2000. Wells should record the bequest to

a. Increase temporarily restricted net assets by $50,000.

b. Increase temporarily restricted net assets by $20,000.

c. Increase unrestricted net assets by $50,000.

d. Increase unrestricted net assets by $20,000.

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Advanced Accounting

ISBN: 9780073379456

9th Edition

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

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Question Posted: Jul 23, 2024 08:01 AM

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21. In 2008, Wells Hospital received an unrestricted bequest of common stock with a fair value of...

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Advanced Accounting

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