Hargett Heart Association has received donated services from several members of the community. The controller must determine which should be recorded as contribution revenue
The services and their values follow: 1) A retired biology professor conducted two small research projects, which resulted in the organization receiving a major grant, but did not accept a stipend for either. The stipend is usually $2,000 per project. 2) Local high school students participated in "Clean Up the Neighborhood" Day and provided 100 hours of labor trimming hedges and raking leaves on the property. The controller estimates the going rate for such work is $8 per hour. 3) An architect donated plans for a renovation to one of the research labs. The association paid $5,000 for plans for a similar renovation two years ago. How much contribution revenue should be recognized from donated services? a. $9,800
b. $9,000
c. $5,800
d. $5,000
b
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A) image advertisements. B) internal advertisements. C) external advertisements. D) lead-the-market advertisements. E) educational advertisements.
The miscellaneous type vehicle endorsement can be added to the PAP to insure motorcycles, mopeds, and golf carts.
a. true b. false