Question
A donor provides a large cash contribution that is to be used for acquisition of a new building. Under FASB standard, how would this contribution
A donor provides a large cash contribution that is to be used for acquisition of a new building. Under FASB standard, how would this contribution be reported by a not for profit organization on its statement of cash flows?
A. Operating activity
B. Investing activity
C. Financing activity
D. Capital and related financing activity
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Apple Blossom Cologne Company Audit Case
Authors: Jack Paul
5th Edition
0072844507, 978-0072844504
