FAR 6 Module 2

Question 1

What is included in statement of cash flows for NFPs

Operating activities
Investing activities
Financing activities

Answer 1

Grants paid are included in operating activities

Investing activities: Insurance proceeds should be included

Investing activities include proceeds from the sale of works of art or purchases of works of art.

Question 2

NFP Borrowed 5k to purchase a truck.
Where in statement of cashflows should this be reported

Answer 2

Question 3

What amount should be reported as net cash provided by financing activities in Box’s statement of cash flows?

Answer 3