Question
statement of cash flow College- A Virtual Not For Profit Activity Statement/Statement of Changes in Net Assets Tuition Revenue $ 920,000 Investment Income 30,000 Contribution
statement of cash flow
College- A Virtual Not For Profit
Activity Statement/Statement of Changes in Net Assets
Tuition Revenue
$ 920,000
Investment Income
30,000
Contribution of Computer Equipment
50,000
Contributed Architect's Fees for Building Addition
10,000
Reclassifications for Program Uses
100,000
Operating Expenses
(700,000)
Interest Expense
(22,000)
Depreciation
(40,000)
Loss on sale of Land
(5,000)
Increase in Unrestricted Net Assets
343,000
Contributions for Scholarships-Cash
150,000
Reclassifications for program uses
(100,000)
Increase in Temporarily Restricted Net Assets
50,000
Contribution for endowment-Cash
100,000
Unrealized Gain on Investments
17,000
Increase in Permanently Restricted Net Assets
117,000
Increase in total Net Assets
$ 510,000
Changes in Balance Sheet Accounts
Cash
$ 618,000
Student Accounts Receivable
(10,000)
Book Inventory
3,000
PPE (net)
(60,000)
LT Investments
132,000
Total Assets
$ 683,000
Vendor Accounts Payable
$ 6,000
Deferred Tuition Revenue
(8,000)
Notes Payable
200,000
Lease Payable
(25,000)
Net Assets
510,000
Total Liabilities and Equity
$ 683,000
Reconciliation of Changes in Net Assets to Cash From Operating Activities | Amounts |
Change in Net Assets <---( here is where you start) | |
Cash from Operating Activities | |
Cash from Investing Activities: | |
Cash provided (used) by Investing Activities | |
Cash Flow from Financing Activities: | |
Cash provided (used) by Financing Activities | |
Change in Cash <--(here is where you end) | |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started