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What is the value of the stock in the asset section

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Question - Joe Smith provided a donation of $1,000,000 in stock to ALL CAPS U, a non-profit. The stock is worth $1,200,000 at end of ALL CAPS U fiscal year (9/30/2021). What is the value of the stock in the asset section of ALL CAPS U as of 9/30/2021?

1. 1,00,000

2. 0

3. 200,000

4. 1,200,000

Reference no: EM133066541

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