Question: Select from the option list provided the proper cash flow classification for each transaction. Each choice may be used once, more than once, or not

Select from the option list provided the proper cash flow classification for each transaction. Each choice may be used once, more than once, or not at all.

1. Cash paid as regular salaries. Cash flows from operating activities 2. Purchase of unrecognized collection items. Cash flows from investing activities 3. Investment income from a donor-restricted endowment fund. Donor-restricted to increasing the fund. Cash flows from financing activities 4. Proceeds from sale of a primary office building. Cash flows from investing activities 5. Premium payment on a group-term life insurance policy for employees. Cash flows from operating activities 6. Receipt of donor-restricted funds to improve program services by purchasing new computers. Cash flows from financing activities 7. Receipt of funds resulting from an unconditional promise to give. Cash flows from financing activities 8. Interest without donor restrictions received from a certificate of deposit. Cash flows from investing activities 9. Cash paid to support a program service of the NFP. Cash flows from operating activities 10. Cash donor-restricted to establish a donor-restricted endowment fund. Cash flows from operating activities

Step by Step Solution

★★★★★

3.49 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Heres the correct classification for each transaction Cash Flow Classification Cash paid as regular ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Complete an amortization schedule for the following loan. The loan amount is $100,000 at 4.5% interest, amortized on a yearly basis over five (5) years.

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

Select from the option list provided the proper classification, using the indirect method, for the items below. Each choice may be used once, more than once, or not at all. Item Classification 1....

3" Select from the option list provided the best description for each person/department. A choice may be used once, more than once, or not at all. Person/department Description 1. Receiving...

Select from the option list provided the proper classification, using the indirect method, for the items below. Each choice may be used once, more than once, or not at all. Item Classification 1....

Select from the option list provided the appropriate balance sheet classification for each asset below. Each choice may be used once, more than once, or not at all. Purchase of available-for-sale...

5. If the $1 million had been distributed to the shareholders in Year 16, the distribution would be characterized as a ___________. 5. If the $1 million had been distributed in Year 16, each share of...

Alistair Stanley needs to calculate the appropriate amounts of capital gains that should be included on his Form 1 0 4 0 , U . S . Individual Income Tax Return, for each item listed below. Unless...

Apps Microsoft Office Ho.. Student Portal Login Login CBT Real Estate Continui... Student Portal News Dashboard voting common stock and 10,000 shares of authorized, issued, and outstanding nonvoting...

Pearl.com, with an authorization of 50,000 shares of preferred stock and 200,000 shares of common stock, completed several transactions involving its stock on May 1, the first day of operations. The...

A manufacturer determines that a product will reach the breakeven point if sold at either $80 or $150. At $80, the expense and revenue values are both $300,000. At $150, the expense and revenue...

E1.13 Consider the inverted pendulum shown in Figure E1.13. Sketch the block diagram of a feedback control system. Identify the process, sensor, actuator, and controller. The objective is keep the...

Pats Pizzeria produces three types of deli style pizzas: Thin Crust, Deep Dish, and Stuffed Crust. Pats anticipated sales mix is 4:5:6 Thin:Deep:Stuffed. Current sales are 1,500 bundles per year....

A model for the surface area of some solid object is given by S = 0.171uw0.683 h0.439, where w is the weight (in pounds), h is the height (in inches), and S is measured in square feet. If the errors...

Today, Feb 14th, 2021, I have collected the following from Bloomberg: The spot rate: USD 1.21/EUR 2-year USD YTM=0.11% 2-year EUR YTM=-0.72%. Note: YTM is always quoted per year. if we want to make...

Download the Applying Excel form and enter formulas in all cells that contain question marks. The Chapter 2 Form worksheet is to be used to create your own worksheet version of the example in the...

Part 1: Calculate the companys Weighted Average Cost of Capital (30 marks) a) Calculate the before-tax cost of bank loans, mortgage loans, and corporate bonds (6 marks). b) Calculate the (market)...

Correctives controls are additional control procedures placed in a system to help reduce the risks associated with a failure to adequately segregate incompatible functions. Question 8 Select one:...

List several analytical procedures for the payroll and personnel cycle and explain the type of misstatement that might be indicated when there is a significant difference in the comparison of the...

In an annual audit at December 31, 2011, you find the following transactions near the closing date: 1. Merchandise costing $1,822 was received on January 3, 2012, and the related acquisition invoice...

What consulting or nonaudit services are prohibited for auditors of public companies? What other restrictions and requirements apply to auditors when providing nonaudit services to public companies?

Explain, in nontechnical terms, why pairing observations, if possible, is often a more effective tool than taking independent samples.

Allstate Insurance is one of the major automobile insurance companies in the country. Recently, the western region claims manager instructed an intern in her department to develop a confidence...

Two random samples were selected independently from populations having normal distributions. The following statistics were extracted from the samples: a. If 1 = 3 and 2 = 2 and the sample sizes are...