During the fiscal year ended June 30, 20X9, Global Charities, a voluntary health and welfare organization, received unrestricted cash contributions of $500,000 and temporarily restricted cash contributions of $300,000. All of the temporarily restricted contributions were restricted by the donors for equipment acquisitions. During the year ended June 30, 20X9, equipment costing $250,000 was acquired with the restricted contributions. As a result of these two contributions, Global Charities' statement of cash flows, prepared for the year ended June 30, 20X9, would report an increase in net cash provided by operating activities of:
A. $550,000.
B. $750,000.
C. $500,000.
D. $800,000.
Answer: C
Business
You might also like to view...
The primary goal of content listening is to what?
A) To understand and retain information B) To understand the logic of the argument C) To determine the speakers intentions and motives D) To understand the speakers feeling E) To verify key points and look for a summary of a message
Business
Days' payable is the shortest in which of the following industries?
A) Grocery stores B) Computers C) Machinery D) Auto and home supply
Business
Which of the following is a commodity that is NOT transported by pipeline?
a. oil b. gas c. coal d. coffee slurry
Business
A who-did-what violation is sometimes called a(n) _____
Fill in the blank(s) with correct word
Business