_____ a Nonprofit Organization Has Been Receiving Free Electricity from a Local

Multiple Choice

_____ A nonprofit organization has been receiving free electricity from a local utility. How should the nonprofit organization account for this?

A) As contributed assets, with a credit to be made to revenues.
B) As contributed services, with a credit to be made to revenues.
C) As contributed assets, with a credit to be made to revenues and a debit to be made to expenses.
D) As contributed services, with a credit to be made to revenues and a debit to be made to expenses.
E) None of the above.