A Nongovernment Not-For-Profit Organization Received a Cash Donation Restricted for Construction
Multiple Choice
A nongovernment not-for-profit organization received a cash donation restricted for construction of a new building. How should the donation be reported be reported in the statement of cash flows?
A) Cash inflows from operating activities.
B) Cash inflows from financing activities.
C) Cash inflows from investing activities.
D) Cash inflows from capital and related financing activities.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Investment earnings of $1,250 were earned on
Q4: Fund raising expenses are reported as<br>A) Nonoperating
Q5: Special fund-raising events of a nongovernment, not-for-profit
Q6: Nongovernment not-for-profit organizations recognize revenues when<br>A) Pledges
Q7: The line item, net assets released from
Q9: A not-for-profit organization receives donated supplies valued
Q10: A nongovernment not-for-profit organization received a cash
Q11: A nongovernment, not-for-profit organization provides the
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Q13: With respect to collections, nongovernment not-for-profit organizations