Question: Firm LK bought a warehouse of used furniture to equip several of its clerical offices. An employee discovered a cache of gold coins in a

Firm LK bought a warehouse of used furniture to equip several of its clerical offices. An employee discovered a cache of gold coins in a desk drawer. A local court declared Firm LK the rightful owner of the coins, which have a $72,000 FMV. Does Firm LK recognize income because of this lucky event?

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