Donated art works, are recorded at the fair value at date

Donated art works

Assignment Help Financial Accounting

Reference no: EM13753381

Donated Art works

I. are recorded at the fair value at date of donation

II. do not require recording if held for public exhibition, protected and preserved and understanding that money received from sale will be used to acquire additional artwork.

III. are recorded based solely on requirements designated by donor

A. I and II

B. I, II and III

C. I and III

D. II and III

Reference no: EM13753381

Questions Cloud

Examine the team building techniques : Examine the team building techniques found in the PMI article titled "Team Building and Development in a Matrix Environment". Then, give your opinion on the manner in which team dynamics affects communication and conflict resolution among its memb..

Why did europeans explore : Why did Europeans explore? How was the nation we know as "Spain" formed? What were the three social classes of Iberian society?

Describe briefly price index and weightage : Describe briefly price index, weightage, composite index and state three ways of representing weightage, give examples of the representation using computer or any printed materials.

Build background knowledge about spanish new world : Activate and build background knowledge about the Spanish exploration of the New World, Spain's colonial economy, and the establishment of the encomienda systems.

Donated art works : are recorded at the fair value at date of donation. do not require recording if held for public exhibition, protected and preserved and understanding that money received from sale will be used to acquire additional artwork.

Calculate a table of interest rates : Calculate a table of interest rates for 5 years based on the following information:

Describe the delphi technique used to identify risks : Describe the Delphi technique used to identify risks and infer on types of projects where this technique is most accurate. Examine the four (4) types of risk response (i.e., avoidance, acceptance, transference, and mitigation) and determine the app..

Classified an other-not-for-profit organization : A not for profit agricultural society received a gift on 1/1/14 of a tractor. The society plans to use it to cut grass in its 3000 acre demonstration agricultural farm. The gift had been purchased by the donor for $50,000 but had a fair value of $60,..

Transaction on the components of the book : Describe the directional effect (increase, decrease, or no effect) of each transaction on the components of the book value of common shareholders' equity shown in the chart on the next page.

User Account

All Pages