The Dixie Foundation, a private not-for-profit organization had the following cash contributions and expenditures in 2015.
Unrestricted cash contributions $500,000
Cash contributions of $200,000 restricted by the donor to the acquisition of property
Cash expenditures of $200,000 to acquire property with the donation in the above item
Dixie’s statement of cash flows should include which of the following amounts?
Operating Activities $700,000
Investing Activities $($200,000)
Financing Activities $0
Operating Activities $500,000
Investing Activities $0
Financing Activities $0
Operating Activities $500,000
Investing Activities ($200,000)
Financing Activities $200,000
Operating Activities $0
Investing Activities $500,000
Financing Activities $200,000
A not for profit organization received $150 from a a donor. The donor receives two tickets to a theater show and an acknowledgement in the theater program. The ticktes have a fair market value of $100. What amount is recorded as contribution revenue?
- $0
- $50
- $100
- $150
