Asya Craven donated cash of $10,000,000 to the Second Harvest Food Bank of Middle Tennessee, a nonprofit organization. The donation was an endowment gift, where the principal was meant to be invested and retained into perpetuity, with the Food Bank having permission to use the earnings for any purpose. What section(s) of the Food Bank's statement of cash flows (prepared using the indirect method) would this amount be reported? Be sure to indicate section, sign, and amount.

Asya Craven donated cash of $10,000,000 to the Second Harvest Food Bank of Middle Tennessee, a nonprofit organization. The donation was an endowment gift, where the principal was meant to be invested and retained into perpetuity, with the Food Bank having permission to use the earnings for any purpose. What section(s) of the Food Bank's statement of cash flows (prepared using the indirect method) would this amount be reported? Be sure to indicate section, sign, and amount.

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter15: Exempt Entities

Section: Chapter Questions

Problem 11DQ

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