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Either of two conditions must be met in order for a not-for-profit organization to record revenues in connection with contributed services of volunteers: 1. The

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Either of two conditions must be met in order for a not-for-profit organization to record revenues in connection with contributed services of volunteers: 1. The volunteers' services create or enhance nonfinancial assets of the not-for-profit organization or 2. The services require specialized skills, are provided by persons possessing those skills, and would typically have to be purchased if not provided by donation. Either of two conditions must be met in order for a not-for-profit organization to record revenues in connection with contributed services of volunteers: 1. The volunteers' services create or enhance nonfinancial assets of the not-for-profit organization or 2. The services require specialized skills, are provided by persons possessing those skills, and would typically have to be purchased if not provided by donation. True False

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