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Select the best answer for each of the following. M4-1 A donated fixed asset (from a governmental unit) LO 4.1 for which the fair value

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Select the best answer for each of the following. M4-1 A donated fixed asset (from a governmental unit) LO 4.1 for which the fair value has been determined should be recorded as a debit to Fixed Assets and a credit to: a. Contributed Capital b. Retained Earnings c. Deferred Income d. Other Income

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