In Accordance with FASB Standards, Securities Donated to a Not-For-Profit

In accordance with FASB standards, securities donated to a not-for-profit organization should be recorded at the:

A) Donor's recorded amount.
B) Fair market value at the date of the gift, or the donor's recorded amount, whichever is lower.
C) Fair market value at the date of the gift, or the donor's recorded amount, whichever is higher.
D) Fair market value at the date of the gift.