Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

تمرين 14

George H. Ruth takes a leave of absence from his job to work full-time for a voluntary health and welfare organization for six months. Ruth fills the position of finance director, a position that normally pays $88,000 per year. Ruth accepts no remuneration for his work. How should these donated services be recorded
a. As contribution revenue of $44,000 and an expense of $44,000.
b. As earned revenue of $44,000.
c. As an expense of $44,000.
d. They should not be recorded.