True/False Question

13. A donor donated $10,000 to non-governmental, non-for-profit organization with no stipulation. If board of trustee of the non-for-profit organization stipulate this contribution at specified use, this contribution should be classified as 'without donor restriction.'

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 investing activity.

15. A university's asset : $15,000,000, liability : 9,000,000(included deferred revenue $500,000). As a result, AIFA's net asset is : $6,500,000

16. Program service is similar to CGS of the enterprise accounting and the other total expenses is included in supporting activity.