asked 55.6k views
3 votes
Uptown Church received a donation of marketable equity securities from a church member. In reviewing the financial press, it is determined that the securities had appreciated during the year. At what amount should Uptown report its marketable equity securities in the year-end balance sheet?

asked
User Bista
by
7.4k points

1 Answer

6 votes
Market value at the balance sheet date.
answered
User Paras Arora
by
8.3k points
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