Business, 24.12.2019 19:31 yolinda123429
On december 30 of the current year, leigh museum, a nongovernmental not-for-profit entity (nfp), received a $7 million donation of day co. shares with donor-stipulated requirements as follows: shares valued at $5 million are to be sold, with the proceeds used to erect a public viewing building. shares valued at $2 million are to be retained, with the dividends used to support current operations. as a consequence of the receipt of the day shares, how much should leigh report as net assets with donor restrictions on its statement of financial position for the current year?
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On december 30 of the current year, leigh museum, a nongovernmental not-for-profit entity (nfp), rec...
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