Which of the following describes how volunteer services are recognized by the NFPO? Multiple Choice The fair value of volunteer services is not recognized but a note to disclose the NFPOs reliance on volunteers is included in the financial statements. Volunteer services are reported as a contribution at the provincially legislated minimum wage per hour of service provided. The deferral method should be used to report the value of the volunteer services provided. Volunteer services can be reported at fair value if they are needed by the NFPO