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Author Question: A nongovernment not-for-profit organization received a cash donation restricted for construction of ... (Read 23 times)

magmichele12

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on: Jul 5, 2018
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.

Question 2

A credit may signify a
 a. decrease in assets
  b. decrease in liabilities
  c. decrease in capital
  d. decrease in revenue


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JaynaD87

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

a


magmichele12

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

helenmarkerine

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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