Under what circumstances are contributed services accounted for as revenue in a not-for-profit organization?
Contributed service are recognized as revenue only when the service creates or enhances nonfinancial assets; or, requires specialized skills, that typically would be purchased if not provided by donation.
Contributed service are recognized as revenue only when the service creates or enhances nonfinancial assets; or, requires specialized skills, that typically would be purchased if not provided by donation.
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