Question: In a recent month a CPA provided 10 hours of volunteer time to the Society for the Visually Impaired. He devoted seven hours to maintaining

In a recent month a CPA provided 10 hours of volunteer time to the Society for the Visually Impaired. He devoted seven hours to maintaining the organization’s ﬁnancial records and three to recording tapes of newspapers and magazine articles. If volunteers had not provided these services, the organization would have had to hire paid personnel. Should the organization give accounting recognition to the CPA’s services?

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