How shall the cash flows be reported in npos statement

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Reference no: EM133474946

Case: On January 1, 2020, a non-profit organization, received P1,000,000 cash donation from a donor who stipulated that the amount should be invested indefinitely in revenue producing investment. The deed of donation also provides that the dividend income shall be used for the acquisition of computers of the non-profit organization. On December 31, 2020, the non-profit organization received P100,000 cash as dividend income from the investment of the fund. On January 1, 2021, the non-profit organization acquired a computer at a cost of P20,000 with a useful life of 5 years without residual value.

Question 1: How shall the cash flows be reported in NPO's Statement of Cash Flows for the year ended December 31, 2020?

Reference no: EM133474946

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