Which of the Following Statements Related to the Accounting for Donated

question 30

Multiple Choice

Which of the following statements related to the accounting for donated goods and services for a not-for-profit (NFP) organization is true?

• A)Recording the value of donated goods and services could be useful in evaluating management performance.
• B)Recording the value of donated goods and services could result in inflated earnings.
• C)Recording the value of donated goods and services enhances stewardship reporting.
• D)Recording the value of donated goods and services is required by the CICA Handbook.

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