Note: This is a Kaplan CPA Review Question
The statement of cash flows for a private not-for-profit performing arts center should report cash flows according to which of the following classifications?
A) Operating activities, investing activities and financing activities
B) Operating activities, non-capital activities and capital activities.
C) Investing activities, capital activities and financing activities.
D) Financing activities, non-capital activities and capital activities.

Question

Quizplus · Accepted Answer

The statement of cash flows for a private not-for-profit organization should report cash flows in the categories of operating activities, investing activities, and financing activities, similar to for-profit entities.

Note: This Is a Kaplan CPA Review Question