Match the transactions on the left with the effects of the transactions on the statement of activities
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Match the transactions on the left with the effects of the transactions on the statement of activities for a voluntary health and welfare organization. A transaction may have more than one effect.
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Example Cash paid to employees and suppliers: Statement of Activities List A Effects A. Increases unrestricted net assets B. Increases temporarily restricted net assets C. Increases permanently restricted net assets D. Decreases unrestricted net assets E. Decreases temporarily restricted net assets F. Decreases permanently restricted net assets G. Is not reported on the statement of activities List B = 1 Statement of Cash Flows List B Effects List A = D H. Increases cash flows from operating activities 1. Decreases cash flows from operating activities J. Increases cash flows from investing activities K. Decreases cash flows from investing activities L. Increases cash flows from financing activities M. Decreases cash flows from financing activities N. Transaction not reported on the statement of cash flows
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Related Book For
Advanced Financial Accounting
ISBN: 978-0073526911
8th Edition
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
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