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A Local Social Worker, Earning $12 Per Hour Working for the State

Question 66

Essay

A local social worker, earning $12 per hour working for the state government, contributed 600 hours of time at no charge to the Sunny Homeless Shelter, a voluntary health and welfare entity.If not for these donated services, an additional staff person would have been hired by the entity.
Required:
How should the Sunny Homeless Shelter record the contributed services?

Correct Answer:

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Donated services would be valued at $7,2...

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