P. 12-6 The distinction between contributed services that warrant financial statement recognition and those that do not is not always clear For each of the following situations, indicate whether the organization should recognize the described contributed services as revenue (offset by a corresponding expense). Briefly justify your response or iden- tify key issues. 1. Nellie Wilson, the noted country-and-western singer, performs a benefit concert for the Save Our Farms Association, a political advocacy group. Wilson, who would normally charge $60,000 per concert, did not accept a fee. 2. Camp Chi-Wan-Da, a summer camp for disadvantaged youth, benefits from the services of four phy- sicians, each of whom spends two weeks at the camp providing medical services to the campers. The doctors receive free room and board but no salary. Camp association standards require that a camp of Chi-Wan-Da's size either have a physician on premises or have a physician on call. 3. The Taconic Music Festival, a performing arts association, needed new practice facilities. The architecture firm of Lloyd Wright designed the facilities for the association without charge, and local merchants provided the building materials. All construction work was carried out by community vol- unteers, only a few of whom had professional experience in the building trades. 4. A neurologist serves on the board of trustees of the Neurological Disease Foundation, an organization that funds clinical research. He was asked to serve because of his expertise in neurological research, and he chairs the committee of the board that selects grant recipients. 5. Daughters of Charity Hospital draw its nursing staff from members of its religious order. The nurses are not paid a salary. Instead, they receive free room and board and a living allowance. The total cost to the hospital is approximately 60 percent of what it would have to pay in salary and benefits on the open market. In addition, the hospital benefits from the services of "candy stripers" and other volun- teers who staff the hospital's gift shop, carry meals to patients, and perform a variety of other important functions. Were it not for these volunteers, the hospital would be required to hire additional personnel to carry out many of their duties