Uptown Church Received a Donation of Marketable Equity Securities from a Church

Multiple Choice

Uptown Church received a donation of marketable equity securities from a church member.In reviewing the financial press,it is determined that the securities had appreciated during the year.At what amount should Uptown report its marketable equity securities in the year-end balance sheet?

A) Market value at the date of receipt.
B) Market value at the balance sheet date.
C) Donor's cost.
D) The lower of a, b or c.