George H. Ruth takes a leave of absence from his job to work full time for a voluntary health and welfare entity for six months. Ruth fills the position of finance director, a position that normally pays $88,000 per year. Ruth accepts no remuneration for his work. How should this donated service be recorded? a. As contributed support of $44,000 and an expense of $44,000. b. As earned revenue of $44,000. c. As an expense of $44,000. d. No entries should be made.
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