Which of the Following Is an Example of Volunteer Services

question 28

Multiple Choice

Which of the following is an example of volunteer services received by a not-for-profit entity that should be recognized as revenue?
I.Services requiring specialized skills,provided by individuals with those skills,that otherwise would have to be purchased.
II.Services of lay faculty at a private university operated by a religious order.
III.Services that create or enhance non-financial assets,regardless of whether or not they require specialized skills.

• A)I only
• B)I and III only
• C)II and III only
• D)I,II,and III

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Definitions:

Caudate Putamen

A brain structure that is part of the basal ganglia, involved in various functions including motor control and learning processes.

Damage

Physical harm caused to something in such a way that it is impaired or no longer functional.

Somatosensory Cortex

A part of the brain that processes sensory information from parts of the body involved in tactile sensation.

Damage

Physical harm that impairs the function or structure of a body part or organism, often requiring repair or healing.