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An organization of high school seniors performs services for patients at Care Hospital. These students are volunteers and perform services that the hospital would not
An organization of high school seniors performs services for patients at Care Hospital. These students are volunteers and perform services that the hospital would not otherwise provide, such as wheeling patients in the park and reading to patients. They donated 5,000 hours of service to Care Hospital in 2009. At a minimum wage rate, these services would amount to P 18,750, while it estimated that the fair value of these services was P 25,000. In Care's 2009 statement of activities, what amount should be reported as non-operating revenue?
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