FAR CPA Practice Questions: Preparing a Statement of Cash Flows for a Not-for-Profit Entity
In this video, we walk through 5 FAR CPA exam practice questions about preparing a statement of cash flows for a not-for-profit entity.
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00:00 Intro
01:07 Question 1: Contributions Restricted for Long-Term Assets
06:31 Question 2: Cash Flows Related to Works of Art
09:17 Question 3: Restricted Cash Used to Purchase Long-Term Assets
13:27 Question 4: Using the Indirect Method to Calculate Operating Activities
16:45 Question 5: Using the Direct Method to Calculate Operating Activities
20:22 Pillar Topics