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How much should bogart report as increase

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Question - Bogart Organization, a non-profit entity, received the following donations during 20x1: Land with fair value of 40,000,000 to be sold to acquire a bus. . Shares of stock with fair value of 12,000,000 to be retained indefinitely. The dividends from the shares will be used to support current operations. As a result of the donations above, how much should Bogart report as increase in temporarily restricted net assets?

Reference no: EM133187096

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