31
Jul
13

Gifts-in-kind: Contributions and valuation

In the August 2013 Journal of Accountancy, the AICPA published this article on Gifts-in-kind: What are they worth?   It summarizes many challenges an NFP faces valuing GIK.  It touches on GIK valuation considerations (ASC 820), GIK contribution considerations (ASC 958), and management considerations, and it provides insight into how an organization may navigate these GIK challenges.

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