RST Charities received equities securities valued at $100,000 as an unrestricted gift. At year end, the securities had a fair market value of $110,000. By what amount did these transactions increase RST's net assets?
RST Charities received equities securities valued at $100,000 as an unrestricted gift. At year end, the securities had a fair market value of $110,000. By what amount did these transactions increase RST's net assets?
Chapter28: Income Taxati On Of Trusts And Estates
Section: Chapter Questions
Problem 9DQ
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RST Charities received equities securities valued at $100,000 as an unrestricted gift. At year end, the securities had a fair market value of $110,000. By what amount did these transactions increase RST's net assets?
A.) $100,000
B.) $105,000
C.) $110,000
D.) $115,000
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