(CASH FLOWS - OPERATING) UCare Hospital had the following cash receipts for the year ended December 31, 2020: Collections of Receivables P 125,000 Contribution for an establishment of term Endowment 25,000 50,000 Tuition from nursing school Interest received from investment in permanent Endowments 8,750 Dividends received from investment in term Endowments Payment of supporting expenses Payment of program expenses 10,000 37,500 53,750 The interest received from permanent endowment is restricted by the donor for acquisition of equipment. How much is the net cash provided by operating activities? a. P83,750 b. P93,750 c. P102,500 d. P108,750
(CASH FLOWS - OPERATING) UCare Hospital had the following cash receipts for the year ended December 31, 2020: Collections of Receivables P 125,000 Contribution for an establishment of term Endowment 25,000 50,000 Tuition from nursing school Interest received from investment in permanent Endowments 8,750 Dividends received from investment in term Endowments Payment of supporting expenses Payment of program expenses 10,000 37,500 53,750 The interest received from permanent endowment is restricted by the donor for acquisition of equipment. How much is the net cash provided by operating activities? a. P83,750 b. P93,750 c. P102,500 d. P108,750
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic: Accounting For Non-Profit Organization
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