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1) In the Statement of Cash Flow for a public college or university, endowment contributions...

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Accounting

1) In the Statement of Cash Flow for a public college or university, endowment contributions are included in cash flows provided by (used for) ____________ activities.

a. operating

b. noncapital financing

c. investing

d. financing

image

Dr Cr Fund Balance Assigned $25,000.00 Encumbrances $25,000.00 Expense $25,125 Vouchers Payable $25,125 The above journal entry is made when: a. Transfer funds from the temporary account to the actual account b. Close the encumbrance account C. Increase the Fund Balance by estimated expenses O d. Reverse for encumbrances at estimated cost and then to record an invoice at actual cost

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