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A nongovernmental, not-for-profit organization has the following investments: Fair Fair value value (beginning (end of Investment Cost of year) year) Bonds Stock X (100 shares)
A nongovernmental, not-for-profit organization has the following investments: Fair Fair value value (beginning (end of Investment Cost of year) year) Bonds Stock X (100 shares) Stock Y (200 shares) $9,000 $ 50 $ 40 per share per share $10,000 $9,950 $51 $49 $45 $41 What amount should be the total value of investments reported in the year-end statement of financial position? Multiple Choice $22,900 $23,800 $24,800 $24,850
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