Which of the following could be recognized as contributed services revenue by a not-for-profit hospital?

Question

Quizplus · Accepted Answer

Contributed services are recognized as revenue only specific circumstances; if the service 1) creates or enhances nonfinancial assets or 2) requires specialized skills, is provided by someone possessing those skills, and typically would be purchased if not provided by donation. An architect developed building plans for a new outpatient clinic would qualify but not a volunteer answering the phone.

Which of the Following Could Be Recognized as Contributed Services