1. Not-for-profit organizations should report contributions not restricted to long-term purposes in which of the following...
1. Not-for-profit organizations should report contributions not restricted to long-term purposes in which of the following cash flows categories?
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a. Operating |
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b. Financing. |
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c. Capital financing. |
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d. Investing. |
Homework Answers
Ans : Option A, Operating activity.
Unrestricted contributions should be reported in operating activity of statement of cash flow.
This is reported along with unrestricted investment earnings.
Restricted contributions if any should be reported in financing activity of statement of cash flow.
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