AT3P
AT3P
15.04.2020 • 
Business

Midtown Church received a donation of marketable equity securities from a church member. The securities had appreciated in value after they were purchased by the donor, and they continued to appreciate through the end of Midtown's fiscal year. At what amount should Midtown report its investment in marketable equity securities in its year-end balance sheet? Group of answer choices Market value at the balance sheet date. Donor's cost. Market value at the date of receipt. Market value at either the date of receipt or the balance-sheet date.

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