A non-profit museum received donated securities with a fair market value of $60,000 and a cost of

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A non-profit museum received donated securities with a fair market value of $60,000 and a cost of $20,000. The donor's tax deduction was limited to $40,000. At what amount should the museum record the securities at the date of donation? $60,000 $20,000 O $40,000 O $0 ANSWER COMPLETE SKIP THIS

Posted Date: May 18, 2024 11:12 PM

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A non-profit museum received donated securities with a fair market value of $60,000 and a cost of

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