This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: For most large businesses, the cash basis of accounting will provide accurate financial statements ... (Read 160 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jul 5, 2018
For most large businesses, the cash basis of accounting will provide accurate financial statements for user needs.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

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. None of the above. The cash inflow is not recognized until it becomes unrestricted by virtue of incurring construction costs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittanywood

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

B


lak

  • Member
  • Posts: 546
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

DNA replication is the basis for the perpetuation of life through time DNA replication is the basis for the perpetuation of life through time
Although large, the cougar is more closely related to smaller felines. Although large, the cougar is more closely related to smaller felines.
Portrait of a Shy Albatross. Note the large, hooked beak and nasal tubes. Portrait of a Shy Albatross. Note the large, hooked beak and nasal tubes.
Polyps and polyposis. A polyp is a protruding growth from a mucous membrane lining a hollow organ. I Polyps and polyposis. A polyp is a protruding growth from a mucous membrane lining a hollow organ. I
What type of errors are these: calling only large dogs a dog and calling a dog a kitty? What type of errors are these: calling only large dogs a dog and calling a dog a kitty?
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library