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FYA received a gift Stock that have a Fair value of $1,300 total at the time of the gift. FYA paid $800 cash for athletic
FYA received a gift Stock that have a Fair value of $1,300 total at the time of the gift. FYA paid $800 cash for athletic equipment, Using some of the proceeds received in transaction. The expense was charge to the recreation program account.
Please check exercise 11-18
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