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Author Question: A local citizen donated land to the city's Private-Purpose Trust Fund. The land has a fair market ... (Read 98 times)

JMatthes

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on: Jul 5, 2018
A local citizen donated land to the city's Private-Purpose Trust Fund. The land has a fair market value of 50,000 but the donor's basis was 45,000 . The trust fund will report
 
  A. Additions of 50,000.
  B. Additions of 45,000.
  C. Capital contributions of 50,000.
  D. Capital contributions of 45,000.

Question 2

Electronic data interchange (EDI) is the capture, storage, management, and control of electronic document images for the purpose of supporting management decision making and facilitating business event processing.
  Indicate whether the statement is true or false


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smrerig

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

F


JMatthes

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Reply #2 on: Jul 5, 2018
Thank you :)


smrerig

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Reply #3 on: Jul 5, 2018
Happy to help you


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