A Nongovernment Not-For-Profit Organization Received Donated Services from a Local

question 27

Multiple Choice

A nongovernment not-for-profit organization received donated services from a local volunteer. The volunteer works as a receptionist for the organization. The market value of service is $5,000. How should this activity be reported be in the statement of activities?

• A) Not be reported.
• B) Unrestricted support, $5,000.
• C) Restricted support, $5,000.
• D) Both unrestricted support and program expense, $5,000.

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