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Acme Hospital could have Retained Earnings in its Balance Sheet T/F. University...

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Accounting

Acme Hospital could have Retained Earnings in its Balance Sheet T/F.

University of the USA, a nonprofit (non-public) school receives $100,000 stock donation from an alumnus during the year. At the end of the year, the stock is worth $125,000. On the U of USA financial statements, the stock if valued at $125,000. Is this correct?

University of the USA uses rules from GASB true or false?

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