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A nongovernmental, not-for-profit organization received the following donations of corporate stock during the year: Donation 1 Donation 2 Number of shares 2,000 3.000 Adjusted basis
A nongovernmental, not-for-profit organization received the following donations of corporate stock during the year: Donation 1 Donation 2 Number of shares 2,000 3.000 Adjusted basis $8,000 $5,500 Fair market value at time of donation 8,500 6,000 Fair market value at year end 10,000 2,000 What net value of investments will the organization report at the end of the year? $14,500 $14,000 $13,500 $12,000 A Click Submit to complete this assessment. Close Window
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