Which of the Following Isnot True Regarding the Statement

question 47

Multiple Choice

Which of the following isnot true regarding the Statement of Cash Flows for nongovernmental, not-for-profit organizations?

• A) Either the direct or indirect method may be used.
• B) If a not-for-profit organization received a restricted cash contribution for long-term purposes, that cash contribution would be reported as a cash flow from financing activities.
• C) Restricted contributions used for long-term purposes are reported as financing activities.
• D) Four categories of cash flows are used.

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Definitions:

Rent Control

Government policies that limit the amount landlords can charge for renting out their property.

Quality

The standard of something measured against other similar entities; it denotes how good or bad an object, product, or service is.

Supply And Demand

A fundamental economic model explaining the interaction between the quantity of goods supplied by producers and the quantity demanded by consumers.

Rent Control

Government policies or regulations that limit the amount landlords can charge for renting out a property, often to make housing more affordable.