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In a recent month a CPA provided ten hours of volunteer time to the Society for the Visually Impaired.

This question was answered on Jan 12, 2013. View the Answer
In a recent month a CPA provided ten 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 others. Should the organization give accounting recognition to the CPA's services?

In what significant ways do the FASB standards differ from those of the GASB with respect to the statement of cash flows?
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Reading and going through the above scenario I would say that the organization should not give
accounting recognition to CPA’s services for the society of visually impaired because it was just
a...

This question was asked on Jan 08, 2013 and answered on Jan 12, 2013.

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