Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

تمرين 49

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.