Which of the Following Is True of a Statement of Cash

question 156

Multiple Choice

Which of the following is true of a Statement of Cash Flows for a private sector, private not-for-profit organization?

• A) Four categories are used: Operating, Capital Related Financing, Non-capital Related Financing, and Investing.
• B) If the direct method is used, the not-for-profit must also present a reconciliation between total change in net assets and cash flows from operating activities.
• C) Cash flows must be presented separately for Unrestricted, Temporarily Restricted, and Permanently Restricted categories.
• D) None of the above; all are true.

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Definitions:

Universal Moral Rules

Fundamental ethical principles that are widely accepted and applied across different cultures and societies.

Categorical Imperative

A central concept in the moral philosophy of Immanuel Kant that dictates an action is morally right if it can be universally applied.

Lies

False statements made with the deliberate intention to deceive; an intentional untruth.

Prima Facie Duty

An obligation that appears to be binding upon first view, but may be overridden by stronger moral considerations.