A group of high school seniors performs volunteer services for patients at a nearby nursing home. The
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A group of high school seniors performs volunteer services for patients at a nearby nursing home. The nursing home would not otherwise provide these services, such as wheeling patients in the park and reading to them. At the minimum wage rate, these services amount to $21,320, but their actual value is estimated to be $27,400. In the nursing home’s statement of activities, what amount should be reported as public support?
a. $27,400
b. $21,320
c. $6,080
d. $–0–
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Related Book For
Advanced Accounting
ISBN: 978-1259444951
13th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
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