CPA · Question 04 · Area I: Financial Reporting
A nongovernmental not-for-profit entity reports the following cash flows for the current year:<br/><br/>- Cash received from donors restricted for long-term endowment: $100,000<br/>- Cash received from tuition fees: $400,000<br/>- Cash paid for salaries: $250,000<br/>- Cash received from interest on investments (unrestricted): $15,000<br/>- Cash paid to acquire equipment: $60,000<br/><br/>What is the net cash provided by operating activities?
Answer options:
$265,000
$105,000
$165,000
$205,000
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