Question
Queens Library, an independent not-for-profit entity received $30,000 in dividends and $24,000 in interest on its investment portfolio. In addition, the entity also accrued $6,000
Queens Library, an independent not-for-profit entity received $30,000 in dividends and $24,000 in interest on its investment portfolio. In addition, the entity also accrued $6,000 in interest on the portfolio. The decrease in fair value of the portfolio during the year was $8,000. How much should the entity report as investment at the end of
the year
| $8,000 | ||
| $52,000 | ||
| $54,000 | ||
| $60,000 |
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Auditing Quality Management Systems Keeping Your Quality Management System Relevant
Authors: Herne European Consultancy, Ray Tricker
1st Edition
0992758521, 978-0992758523
