Reference no: EM132784488
A nongovernmental, not-for-profit organization received the following donations of corporate stock during the year:
Donation 1 Donation 2
Number of shares 2,000 3,000
Adjusted basis $8,000 $5,500
Fair market value at time of donation 8,500 6,000
Fair market value at year end 10,000 2,000
Problem 1: What net value of investments will the organization report at the end of the year?
Option 1: $14,500
Option 2: $14,000
Option 3: $13,500
Option 4: $12,000