Which of the following is not a condition that must be met for contributed services to a not-for-profit organization (NPO) to be recorded as both a contribution and as an expense?
A) The service creates or enhances nonfinancial assets,such as a carpenter renovating a building.
B) The service is provided by someone who possesses specialized skills,such as a lawyer preparing contracts.
C) The service provides tangible benefit,such as serving food to clients.
D) The service would have to be purchased if not donated,such as a pro bono annual audit by a local audit firm.
Correct Answer:
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