Quentin University is organized as a not-for-profit organization. The university reaches out to its alumni each year in a mass telephonic fund raising appeal that includes scripted dinner hour calls appealing for ongoing support. In Year 1, the university used untrained student volunteers to make the calls. In Year 2, an alumnus who owns a successful telemarketing company offers to perform the task. The university accepts the offer and provides the alumnus with the script along with appropriate phone numbers and contribution accounting forms. Based on the usual and customary charges used in his business, the alumnus anticipates that the value of these services is $10,000. For each year, contributed revenue associated with this transaction would be:
Year 1Year 2A.
0
10,000
B.
0
0
C.
10,000
0
D.
10,000
10,000