A private NFP organization accepts a donation of securities, with no donor restrictions, and immediately sells the securities. The proceeds appear in which section of the organization's statement of cash flows?
A) Cash from operating activities
B) Cash from investing activities
C) Cash from financing activities
D) Not reported
Correct Answer:
Verified
Q17: Which statement is true concerning intermediate performance
Q18: The line labeled "net assets released from
Q19: The National Red Cross receives dividend and
Q20: A donor makes a contribution of $1
Q21: A private NFP organization makes a cash
Q23: If a private NFP organization uses the
Q24: A private NFP's statement of cash flows
Q25: A private NFP's statement of cash flows
Q26: Private NFP organizations are required to provide
Q27: Donations are received by an NFP organization.
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