Consider the following:
The Local Literacy Council provides 99% of its services through volunteer tutors and those tutors can be anything from housewives to college students to store clerks to accountants to attorneys. Under FASB could these donated services be recognized with a dollar value? How might that affect the financial statements? Do you think we are getting a realistic report of the cost of providing this service?
Please cite in paragraph and post bibliography.
This question was answered on: Sep 16, 2020
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