Which of the following is true regarding the Statement of Cash Flows for nongovernmental,not-for-profit organizations?
A) Either the direct or indirect method may be used.
B) If a not-for-profit organization received a cash contribution for permanently restricted purposes, that cash contribution would be shown as a cash flow from financing activities.
C) Both of the above.
D) Neither of the above.
Correct Answer:
Verified
Q61: Which of the following is not correct
Q71: What are the financial statements required for
Q75: Which of the following is true regarding
Q76: Which of the following are the net
Q78: Which of the following is true regarding
Q78: A donor gave artwork to a nongovernmental,not-for-profit
Q80: With the exception of collections,fixed assets may
Q81: What financial ratio is most commonly used
Q82: A donor gave equipment valued at $50,000
Q99: Which of the following is true regarding
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents