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 performing arts center should report cash flows according to three main classifications: operating activities, investing activities, and financing activities. Operating activities include the cash inflows and outflows related to the center's main revenue-generating activities, such as ticket sales and concessions. Investing activities include the cash inflows and outflows related to the purchase and sale of long-term assets, such as buildings and equipment. Financing activities include the cash inflows and outflows related to borrowing, repayments of loans, and fundraising activities.

The Statement of Cash Flows for a Private Not-For-Profit Performing