NPO

Question 1

cash contributions with donor restrictions are reported as increases in financing activities because the restriction is the acquisition of property, not general operations

Question 2

Interest paid will be specifically included as a supplemental disclosure

Question 3

Grants paid are disbursements and reported within the operating activities section.

Question 4

Cash flows from operating activities in a nongovernmental not-for-profit organization include applicable agency transactions, cash contributions without donor restrictions, program income, and interest income or dividend income from investments.

Question 5

Investing activities in the statement of cash flows should include proceeds from the sale of long lived assets or insurance proceeds associated with the loss of long lived assets

Question 6

Investing activities in the statement of cash flows should include proceeds from the sale of long lived assets or insurance proceeds associated with the loss of long lived assets

Question 7

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

Question 8

the borrowing would be a cash inflow from financing activities, and the purchase of the truck would be a cash outflow from investing activities

Question 9

The issuance of long-term debt results in a cash inflow to the organization