Business, 20.11.2019 22:31, fredbear373

At the beginning of the year, the hospital received a bequest in the form of equity securities. mosby is required to hold the securities in perpetuity, but it can spend the income. the original cost of the securities to the donor was $3.6 million, but their fair value had increased to $4.4 million on mosby’s receipt. during the year, the fair value of the securities fluctuated, with an average fair value of $4.0 million. when the hospital prepared its financial statements at year-end, the fair value of the securities was $4.1 million. at what amount should the hospital report the securities in its financial statements?

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At the beginning of the year, the hospital received a bequest in the form of equity securities. mosb...