A donor provides a large cash contribution that is to be used for acquisition of a new building. Under FASB standards, how would this contribution be reported by a not-for-profit organization on its statement of cash flows?
A. Operating activity.
B. Investing activity.
C. Financing activity.
D. Capital and related financing activity.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A donor provides a large cash contribution that is to be used for acquisition of a new building. Under FASB standards, how would this ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Closing Entries In the midst of closing procedures, Echo Corporation's accountant became ill and was hospitalized.
Answers (1)
22. Which resource management activity establishes common definitions for capabilities of personnel, equipment, teams, supplies, and facilities?
Answers (1)
ou are thinking about investing in stock in a company who paid a dividend of $10 this year and whose dividends you expect to grow at 4 percent a year. The risk-free rate is 3 percent and you require a risk premium of 5 percent.
Answers (1)
An early warning signal for the potential of an overdrawn budget is created when: contingency funds are applied for. a bottom-up budget never makes it up the chain of command. activity-based costing cannot identify drivers.
Answers (1)
At the beginning of the year, manufacturing overhead for the year was estimated to be $285,690. At the end of the year, actual direct labor-hours for the year were 30,500 hours, the actual manufacturing overhead for the year was $373,620, and
Answers (1)
New Questions in Business
Income Summary has a credit balance of $12,000 in J. Spencer, Co., after closing revenue and expense accounts. The entry to close Income Summary is A: debit Income Summary $12,000, credit Owner's Capital $12,000.
Answers (1)
The fiscal 2018 balance sheet for Whole Foods Market reports the following data (in millions). What is the company's current ratio?
Answers (1)
Blowing Sand Company has just received a one-time offer to purchase 10,000 units of its Gusty model for a price of $22 each. The Gusty model normally sells for $30 and costs $26 to produce ($17 in variable costs and $9 of fixed overhead).
Answers (2)
Explain one challenge raised by vint cerf in "the internet is for everyone - but it won't be if ..." and give one example of it that you know about.
Answers (2)
When competing against other energy drinks like Red Bull and Monster, 5-Hour Energy is thinking through how to get its brand to occupy a clear, distinctive, and desirable place in its target customers' minds.
Answers (2)