(CASH FLOWS - FINANCING) Free - mind University, a private Not-For-Profit University, had the following cash inflows during the year ended June 30, 2020: 1. P200,000 from students for tuition P112,500 from a donor who stipulated that the money be invested indefinitely. P70,000 from a donor who stipulated that the money be spent in accordance with the wishes of Free - mind's governing board. I. II. On Free - mind university' statement of cash flows for the year ended June 30, 2020, what amount of these cash flows should be reported as financing activities? a. P70,000 b. P182,500 c. P270,000 d. P112,500

(CASH FLOWS - FINANCING) Free - mind University, a private Not-For-Profit University, had the following cash inflows during the year ended June 30, 2020: 1. P200,000 from students for tuition P112,500 from a donor who stipulated that the money be invested indefinitely. P70,000 from a donor who stipulated that the money be spent in accordance with the wishes of Free - mind's governing board. I. II. On Free - mind university' statement of cash flows for the year ended June 30, 2020, what amount of these cash flows should be reported as financing activities? a. P70,000 b. P182,500 c. P270,000 d. P112,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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