Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
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Chapter 15, Problem 15.4EP
To determine
Identify the category of university that reports investing activity on its direct method statement of
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Students have asked these similar questions
Shepherd Nonprofit had the following information related to its investment balances
during the fiscal year ended June 30, 2021.
Beginning investments $1,200,000
en
Ending investments $1,460,000
Purchases of investments $500,000
Proceeds from sale of investments $220,000
Realized loss on sale of investments $30,000
Report the section(s) in the statement of cash flows (using the indirect method)
where investment transactions would appear, including the direction and amount
associated with each.
9. The cost of construction of a university dormitory
would be shown on a cash flow statement as
a. Cash flows from operations.
b. Cash flows from investing activities.
c. Cash flows from financing activities.
d. Cash flows from noncapital financing.
10. Cash flows from a public university bookstore
would appear on the statement of cash flows as
a. Cash flows from operations.
b. Cash flows from investing activities.
c. Cash flows from financing activities.
d. Cash flows from noncapital financing
11. Public universities must disclose separately in
their cash flow statements
a. Capital and noncapital related investing activities.
b. Capital and noncapital related financing activities.
c. Capital and noncapital related operational activi-
ties.
d. Capital and noncapital related changes in net as-
sets.
Strawbale, Incorporated purchases a $329,800 building, paying $228,000 in cash and signing a $101,800 promissory note. What will be reported on the statement of cash flows as a result of this
transaction?
Multiple Choice
A $228,000 cash outflow from investing activities and a $101,800 noncash transaction
A $329,800 cash outflow from investing activities
A $228,000 cash outflow from investing activities and a $101,800 cash inflow from financing activities
A $329,800 cash outflow from investing activities and a $101,800 cash inflow from financing activities
Chapter 15 Solutions
Accounting For Governmental & Nonprofit Entities
Ch. 15 - Prob. 1QCh. 15 - Prob. 2QCh. 15 - Prob. 3QCh. 15 - Prob. 4QCh. 15 - Prob. 5QCh. 15 - Prob. 6QCh. 15 - Prob. 7QCh. 15 - What is UPMIFA, and why is it important to...Ch. 15 - How can the performance of colleges and...Ch. 15 - Prob. 10Q
Ch. 15 - Prob. 12CCh. 15 - Prob. 14CCh. 15 - Prob. 15.1EPCh. 15 - Prob. 15.2EPCh. 15 - Prob. 15.3EPCh. 15 - Prob. 15.4EPCh. 15 - Prob. 15.5EPCh. 15 - Prob. 15.6EPCh. 15 - Prob. 15.7EPCh. 15 - Prob. 15.8EPCh. 15 - Prob. 15.9EPCh. 15 - Prob. 15.10EPCh. 15 - Prob. 16EPCh. 15 - Prob. 17EPCh. 15 - Prob. 18EPCh. 15 - Prob. 19EPCh. 15 - Prob. 20EPCh. 15 - Prob. 21EPCh. 15 - Prob. 22EPCh. 15 - Prob. 23EP
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