ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.
18th Edition
ISBN: 9781260949766
Author: RECK
Publisher: MCG
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Textbook Question
Chapter 16, Problem 17.8EP
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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Students have asked these similar questions
In a statement of cash flows of a not-for-profit healthcare entity, what are the statement’s main sections?
A Voluntary Health & Welfare NFP would include which of the following financial statements in its basic financial statements?
Statement of financial position and statement of activities
Statement of financial position, statement of activities, and statement of cash flows
Statement of financial position, statement of activities, statement of cash flows, and statement of functional expenses
Statement of financial position, statement of activities, and statement of functional expenses
Choose one
You are provided with a summarized version of the cash account of Lakeside Hospital, a not-for-profit organization for 2018.
Cash Account
Debit
Credit
Cash balance, January 1, 2018
Cash received from: Patients
Third-party payors
Operation of gift shop
Unrestricted gifts
Contributions restricted for endowment
Donor-restricted contributions for purchase of propertyand equipment
Early repayment of long-term debt.
Cash paid to: Employees
Suppliers.
Providers of consultation services
Bank for interest .
Contractor for purchase of property and equipment
Cash balance, December 31, 2018
275,900
2,061,900
6,500,000
517,700
323,500
500,000
183,000
1,320,500
242,300
1,151,000
6,200,000
800,000
147,000
501,200
Prepare a statement of cash flows, using the direct method, for the year ended December 31, 2018.
Chapter 16 Solutions
ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.
Ch. 16 - Prob. 1QCh. 16 - Prob. 2QCh. 16 - Prob. 3QCh. 16 - Prob. 4QCh. 16 - What is an example of a performance indicator and...Ch. 16 - Prob. 6QCh. 16 - Prob. 7QCh. 16 - What are assets limited as to use and how do they...Ch. 16 - Prob. 9QCh. 16 - Prob. 10Q
Ch. 16 - Prob. 11QCh. 16 - Prob. 12CCh. 16 - Prob. 17.1EPCh. 16 - Prob. 17.2EPCh. 16 - Which of the following is a true statement...Ch. 16 - Prob. 17.4EPCh. 16 - Prob. 17.5EPCh. 16 - Prob. 17.6EPCh. 16 - Prob. 17.7EPCh. 16 - Wellness Psychiatric Clinic received a large...Ch. 16 - Prob. 17.9EPCh. 16 - Prob. 17.10EPCh. 16 - Prob. 18EPCh. 16 - Prob. 19EPCh. 16 - The Kyle Sports Medicine facility is a...Ch. 16 - Prob. 21EPCh. 16 - Prob. 22EPCh. 16 - Prob. 23EPCh. 16 - Prob. 24EPCh. 16 - Prob. 25EP
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