Which of the following factors, if present, would indicate that a transaction is not a contribution?
A. The organization has discretion in the use of the assets received.
B. The resource provider entered into the transaction voluntarily.
C. The resource provider received value in exchange.
D. The transfer of assets was unconditional.
Answer: C
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Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 150 employees and occupies 44,000 square feet; Painting has 100 employees and occupies 36,000 square feet. Indirect factory expenses for the current period are as follows: Administration$80,000 Maintenance$100,000 Administration is allocated based on workers in each department; maintenance is allocated based on square footage. The total amount of indirect factory expenses that should be allocated to the Assembly Department for the current period is:
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