Day 55 - 80% Flashcards
1
Q
Interest paid on a discount bond equals
A
Interest expense less the amortization of the discount
MCQ-01251
2
Q
A NFP should report a contribution for the construction of a new bldg on which section of the Stmt of Cash Flows?
A
Financing activities
Cash received with donor restrictions limiting it’s use for long term purposes is FINANCING ACTIVITIES
MCQ-04674
3
Q
Read: DTA & DTL
MCQ-08482
A
4
Q
Watch: NOLs
MCQ-12688
A
