Wellness Psychiatric Clinic received a large contribution from the family of a former patient. The contribution came with a request that the funds be used or invested to support any activities that the clinic felt would be best. On this not-for-profit clinic’s statement of cash flows , this contribution would be reported in which section? a. Noncapital financing activities. b. Operating activities. c. Financing activities. d. Investing activities.

Accounting For Governmental And Not For Profit Entities

17th Edition

ISBN: 9781308700441

Author: RECK

Publisher: MCGRAW-HILL HIGHER EDUCATION

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Chapter 16, Problem 15.8EP

Wellness Psychiatric Clinic received a large contribution from the family of a former patient. The contribution came with a request that the funds be used or invested to support any activities that the clinic felt would be best. On this not-for-profit clinic’s statement of cash flows, this contribution would be reported in which section?

a. Noncapital financing activities.
b. Operating activities.
c. Financing activities.
d. Investing activities.

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Chapter 16, Problem 15.7EP

Chapter 16, Problem 15.9EP

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