Cash flows must be presented separately in the Statement of Cash Flows for the three classes unrestricted, temporarily restricted, and permanently restricted).

Question

Quizplus · Accepted Answer

The Statement of Cash Flows uses the standard FASB categories; operating, investing and financing. Restricted contributions or restricted investment proceeds that will be used for long-term purposes such as endowments or plant, are reported as financing activities.

Cash Flows Must Be Presented Separately in the Statement of Cash