A government university received a restricted donation from one of their trustees. The donation was to be used to pay debt service costs for one year on the new athletic field.
When received, the donation will be reported on the statement of cash flows as
a. operating activities.
b. noncapital financing activities.
c. capital and related financing activities.
d. investing activities.
e. None of the above.
Question 2
The broad categories of funds used in government accounting do not include which one of the following?
a. revolving
b. governmental
c. proprietary
d. fiduciary
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Growth of Government Spending, 1870–2009