Steve Watson, a local certified public accountant (CPA), donates ...

[mwit1967]

Steve Watson, a local certified public accountant (CPA), donates a significant amount of his spare time to Beth's Gallery, a not-for-profit museum. He donates 50 hours to audit the books and 80 hours selling products at the museum store.
 
  He charges his regular clients 200 an hour as a CPA. How should the Gallery report Mr. Watson's donation of time?
   a. report 26,000 (130 hours  200) as contribution revenue and expense
   b. report 0 as contribution revenue and expense, and describe Mr. Watson's services to the museum in a note to the statements
   c. report 10,000 (50 hours  200) as contribution revenue and expense; also, disclose in a note to the statements the fair value of selling services provided by Watson and others
   d. report 10,000 (50 hours  200) plus the fair value of the selling services provided by Watson and others

Question 2

Decoupling the data from the system applications is called ___________________ ___________.
 Fill in the blank(s) with correct word

[dpost18]

Answer to Question 1

c

Answer to Question 2

data independence

[mwit1967]

Thanks for the timely response, appreciate it

[cici]

Great answer, keep it coming