13-14 4-6

Hi I need help with the following

In a local NFP elementary school's statement of cash flows, a contribution restricted for use on a new building project would be reported as:

1. A financing activity.
2. A capital and related financing activity.
3. An investing activity.
4. An operating activity.

A wealthy donor promised $1 million to the local art museum to expand the size of its building, contingent on the museum obtaining a grant from the State Endowment for the Arts of at least $500,000. Upon completing a signed agreement with the donor, the museum should:

1. Record a debit to Contributions ReceivableTemporarily Restricted in the amount of $1,000,000.
2. Record a debit to Contributions ReceivableTemporarily Restricted in the amount of $500,000.
3. Not make a journal entry until the conditions of the agreement have been met.
4. Eitheraorcare permissible, depending on the museum's established policy.

Orlando Perez, president of a local information systems company, volunteered his time to help develop software for Best Friends, a local no-kill pet shelter. The software will allow the organization to track intake, placement, and statistics of animals in its three locations. Without Mr. Perez's assistance, Best Friends would have needed to hire someone to develop this software. Best Friends should record the value of Mr. Perez's time as:

1. Program revenue and supporting services expense.
2. Contribution revenue and supporting services expense.
3. Program revenue and program expense.
4. Contribution revenue and a program expense.