ACCT 4421 Module 7 UPDATED ACTUAL
Exam Questions and CORRECT Answers
Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Contributions to endowments - CORRECT ANSWER - Financing
Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Investment earnings on endowments, nor required to be added to the endowment - CORRECT
ANSWER - Operating
Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Salaries - CORRECT ANSWER - Operating
, Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Interest paid on short-term loan - CORRECT ANSWER - Operating
Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Capital asset purchases - CORRECT ANSWER - Investing
Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Investments sold - CORRECT ANSWER - Investments
United Charities, a not-for-profit entity, supports activities for lower-income families. They have
regularly engaged in activities such as providing transportation for physically challenged
Exam Questions and CORRECT Answers
Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Contributions to endowments - CORRECT ANSWER - Financing
Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Investment earnings on endowments, nor required to be added to the endowment - CORRECT
ANSWER - Operating
Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Salaries - CORRECT ANSWER - Operating
, Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Interest paid on short-term loan - CORRECT ANSWER - Operating
Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Capital asset purchases - CORRECT ANSWER - Investing
Save the Children Foundation had the following types of cash receipts and disbursements during
its current fiscal year.
Indicate in which categories each of these flows would be reported in the foundation's statement
of cash flows.
Operating, Investing, or Financing?
Investments sold - CORRECT ANSWER - Investments
United Charities, a not-for-profit entity, supports activities for lower-income families. They have
regularly engaged in activities such as providing transportation for physically challenged
