SFAS No117 Requires That Interest Received on Endowment Funds Be Reported

question 33

Multiple Choice

SFAS No.117 requires that interest received on endowment funds be reported in the statement of cash flows as a(n)

• A)Reconciliation of change in net assets to cash.
• B)Operating activity.
• C)Investing activity.
• D)Financing activity.

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Definitions:

Antigens

Antigens are substances, often foreign, that provoke an immune response in the body, especially the production of antibodies.

Monocytes

A type of white blood cell involved in the immune response, capable of differentiating into macrophages and dendritic cells to combat infection.

Phagocytosis

A cellular process where cells, usually immune cells, engulf and digest particles or pathogens to eliminate them.

Rheumatoid Factor

An autoantibody that is often present in the blood of individuals with rheumatoid arthritis and some other autoimmune diseases or infections.