F8 - M4 - Not-for-Profit Financial Reporting: Part 2

Question 1

In the statement of cash flows (SOCF), transactions are classified in a manner consistent with _______________ for non-for profit.

Answer 1

commercial accounting

Question 2

For Non-for-profit - There are three SOCF classifications, (3)

Answer 2

including operating activities, investing activities, and financing activities. .

Question 3

For Non-for-Profit - Operating can be calculated using __________ presentation allowed for reporting operating activities.

Answer 3

direct or indirect

Question 4

Contributions of revenue without donor restrictions that is board-designated for future construction or the purchase of long-lived assets is classified as an operating activity on the SOCF.

Answer 4

operating activity

Question 5

Contributions of revenue with donor restrictions are included in the ________ section of the statement of cash flow.

Answer 5

Financing