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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: A local citizen donated land to the city's Private-Purpose Trust Fund. The land
Post by: goji.go on Oct 21, 2014
A local citizen donated land to the city's Private-Purpose Trust Fund. The land has a fair market value of $50,000 but the donor's basis was $45,000. The trust fund will report
A.   Additions of $50,000.
B.   Additions of $45,000.
C.   Capital contributions of $50,000.
D.   Capital contributions of $45,000.


Title: Re: A local citizen donated land to the city's Private-Purpose Trust Fund. The land
Post by: f_zah1 on Oct 22, 2014
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