Solution-What amount of these cash flows should be reported

What amount of these cash flows should be reported

Reference no: EM132530830

Question - XYZ University, a private not-for-profit university, had the following cash inflows during the year ended June 30, 202x:

I. P800,000 from students for tuition.

II. P450,000 from a donor who stipulated that the money be invested indefinitely.

III. P280,000 from a donor who stipulated that the money be spent in accordance with the wishes of XYZ's governing board.

On XYZ University's statement of cash flows for the year ended June 30, 202x, what amount of these cash flows should be reported as financing activities?

A. P280,000

B. P730,000

C. P1,080,000

D. P450,000

Reference no: EM132530830

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What amount of these cash flows should be reported

Reference no: EM132530830

Reference no: EM132530830

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