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Author Question: A nongovernment not-for-profit organization received a cash donation restricted for construction of ... (Read 66 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
Thanks for the timely response, appreciate it

pratush dev

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Reply 3 on: Yesterday
Wow, this really help

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