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Author Question: A public university received a restricted donation from one of their trustees. The donation was to ... (Read 131 times)

bobbie

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on: Jul 5, 2018
A public 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.

Question 2

After Net Income or Loss is entered on the work sheet, the debit column total must equal the credit column total for the Balance Sheet pair of columns.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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cloudre37

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

C

Answer to Question 2

True


bobbie

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

lkanara2

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

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