Which of the following statements pertaining to an NFPO that receives a donation of inventory is correct? Multiple Choice The inventory should initially be recorded at fair market value, which then becomes its deemed cost from that point forward. The inventory should initially be recorded at the cost to the donor, which then becomes the NFPOs cost from that point forward. An NFPO that receives a donation of inventory that it plans to distribute for free, will measure the inventory at lower of cost and net realizable value. Inventory donated to an NFPO does not need to be recognized as it was received for no payment by the NFPO