Not-for-profit organizations should report contributions restricted for long-term purposes in which of the following cash flows categories?
A)Operating
B)Financing.
C)Capital financing.
D)Investing.

Question

Quizplus · Accepted Answer

Contributions restricted for long-term purposes are typically used for acquiring or constructing long-term assets, such as buildings or equipment, so they should be reported in the financing section of the statement of cash flows.

Not-For-Profit Organizations Should Report Contributions Restricted for Long-Term Purposes in Which