14. A non-governmental non-for-profit organization borrowed money of $5,000 to a financial institution. The purpose of the borrowing was to purchase PPE. In this case, when organization prepare statement of cash flow, cash inflow and out flow is reported to the ( ) activity. A. investing B. operating C. financing D. supporting

15. AIFA university's asset : $15,000,000, liability : $9,000,000(including deferred revenue $500,000). As a result, AIFA's net assets balance is : A. $6,000,000 B. $9,000,000 C. $15,000,000 D. $6,500,000

16. Child Care Centers, Inc., a not-for-profit organization, receives revenue from various sources during the year to support its day care centers. The following cash amounts were received during Year 1. $2,000 restricted by the donor to be used for meals for the children. $1,500 received for subscriptions to a monthly child care magazine with a fair market value to subscribers of $1,000. $10,000 to be used only upon completion of a new playroom that was 75 percent complete at December 31, Year 1. What amount should Child Care Centers record as contribution revenue in its Year 1 statement of activities? A. $2,000 B. $2,500 C. $10,000 D. $11,000

17. Oz, a non-governmental not-for-profit organization, received $50,000 from Ame Company to sponsor a play given by Oz at the local theater. Oz gave Ame 25 tickets, which generally cost $100 each. Ame received no other benefits. What amount of ticket sales revenue should Oz record? A. $0 B. $2,500 C. $47,500 D. $50,000

18. The Jackson Foundation, a not-for-profit organization, received contributions in Year 1 as follows: - Cash contributions of $500,000 without donor restrictions. - Cash contributions of $200,000 with donor restrictions with specific requirements relative to the acquisition of property. Jackson's statement of cash flows in Year 1 should include which of the following amounts? Operating Investing Financing activities activities activities A. $700,000 $0 $0 B. $500,000 $200,000 $0 C. $500,000 $0 $200,000 D. $0 $500,000 $200,000

19. A nongovernmental not-for-profit organization borrowed $5,000, which it used to purchase a truck. In which section of the organization's statement of cash flows should the transaction be reported? A. In cash inflow and cash outflow from investing activities. B. In cash inflow and cash outflow from financing activities. C. In cash inflow from financing activities and cash outflow from investing activities. D. In cash inflow from operating activities and cash outflow from investing activities.

20. State University received two contributions during the year that must be used to provide scholarships. Contribution A for $10,000 was collected during the year, and $8,000 was spent on scholarships. Contribution B is a pledge for $30,000 to be received next fiscal year. What amount of contribution revenue should the university report in its statement of activities? A. $8,000 B. $10,000 C. $38,000 D. $40,000