ACC 308

Derby Company pays its executives a bonus of 6 percent of income before deducting the bonus and income taxes. For the quarter ended March 31, 20X8, Derby had income before the bonus and income tax of $12,000,000. For the year ended December 31, 20X8, Derby estimates that its income before bonus and income taxes will be $70,000,000. For the quarter ended March 31, 20X8, what is the amount of the bonus that Derby should deduct on its income statement? A. $4,200,000 B. $720,000 C. $1,050,000 D. $180,000

B. $720,000

Based on the preceding information, in the entry to record the replacement of the 1,500 units in November, Accounts Payable will be credited for: A. $67,500. B. $75,000. C. $62,500. D. $60,000.

B. 15,500*50= $75,000

The British subsidiary of a U.S. company reported cost of goods sold of 75,000 pounds (sterling) for the current year ended December 31. The beginning inventory was 10,000 pounds, and the ending inventory was 15,000 pounds. Spot rates for various dates are as follows: Date Beg. Inv. $1.60=1lb Rate @ Beg. yr. $1.58=1lb Weighted avg. rate $1.50=1lb Date end inv. $1.45=1lb Assuming the dollar is the functional currency of the British subsidiary, the remeasured amount of cost of goods sold that should appear in the consolidated income statement is: A. $108,750. B. $112,500. C. $114,250. D. $125,700.

C. $114,250.

A private, not-for-profit hospital uses a fund structure which includes a general fund and donor restricted funds. The hospital's revenues from nursing programs and gift shops should be accounted for in the: A. specific purpose fund. B. restricted current fund. C. general fund. D. time-restricted fund.

C. General Fund

Statement of Financial Position

Ends with Net assets- unrestricted, temporarily restricted, permanently restricted

Profit seeking colleges and universities follow which governing body's rules and regulations?

FASB

Specific purpose funds

Funds are held till spent then moved to unrestricted net assets to offset spending

What does the statement of activities end with?

Net Assets, End of year

Unconditional promises are reported by:

"Contributions Receivable" in the balance sheet. Must have verifiable documentation that a promise was made.

Estimated gross profit rates may be used to estimate a company's cost of goods sold and its ending inventory for: A. quarterly but not for annual financial statements. B. both quarterly and annual financial statements. C. neither quarterly nor annual financial statements. D. annual but not for quarterly financial statements.

**Estimated gross profit rates** may be used to estimate a company's cost of goods sold and its ending inventory for A. quarterly but not for annual financial statements

Contributions are reported in the Statement of Activities.

...

A fund must meet both which two tests in order to be stated separately on the financial statements

A fund must meet both the 10% and 5% tests to require separate column reporting.

A private, not-for-profit geographic society received cash contributions which were restricted by the donors for the acquisition of fixed assets. In which section of the statement of cash flows would these cash contributions be reported? A. Financing activities B. Investing activities C. Operating activities D. Capital and related financing activities

A. Financing activities

The management approach to the definition of segments for financial reporting expects a company to: I. Report disaggregated information on the same organizational basis as used by the company's internal decision makers. II. Report disaggregated information for at least ten segments. A. I B. II C. Both I and II D. Neither I nor II

A. I Report disaggregated information on the same organizational basis as used by the company's internal decision makers

Under the temporal method, which of the following is usually used to translate monetary amounts to the functional currency? I. The current exchange rate II The historical exchange rate III. Average exchange rate A. I B. III C. II D. Either I or II

A. I The current exchange rate is used to translate monetary amounts to the functional currency

On the statement of operations prepared for a private, not-for-profit hospital, patient service revenue earned during the year is reported net of amounts for which of the following items? I. Contractual adjustments II. Bad debts expense A. I only B. II only C. I and II D. Neither I nor II

A. I only

APB Opinion 28 (ASC 270) uses which view of interim reporting? A. Integral B. Discrete C. Segmental D. Comprehensive

A. Integral

A private, not-for-profit hospital expended $35,000 of temporarily restricted assets to acquire equipment. What account should be debited in the hospital's plant replacement and expansion fund as a result of the acquisition of the equipment? A. Net Assets Released—Plant Acquisition. B. Fund balance Released—Plant Acquisition. C. Equipment. D. Contribution Revenue Released—Plant Acquisition.

A. Net Assets Released—Plant Acquisition.

In accordance with FASB 117 (ASC 958), contributions from donors which are to be permanently invested should be disclosed on the statement of activities of a private university as an increase in: A. Permanently restricted net assets. B. Permanently restricted fund balance. C. Endowment fund balance. D. Deferred revenues.

A. Permanently restricted net assets

Net assets restricted as to time or purpose should be classified as: I. temporarily restricted. II. permanently restricted. A. I only B. II only C. Both I and II D. Neither I nor II

A. Temporarily restricted

In cases of operations located in highly inflationary economies: A. The reporting currency of the US parent-the US dollar- should be used as the foreign entity's functional currency. B. The foreign currency should be used as the functional currency with a footnote to the financials displaying what the earnings would have been using the US dollar as the functional currency. C. The Foreign currency should be used as the functional currency with a single line item- foreign translation-reporting the adjustment using the US dollar as the functional currency. D. NONE OF THE ABOVE

A. The reporting currency of the US parent-the US dollar- should be used as the foreign entity's functional currency.

A private not-for-profit university generally must depreciate all tangible fixed assets, except: I. works of art and other historical treasures. II. administration buildings. A. I only B. II only C. Both I and II D. Neither I nor II

A. Works of art and other historical treasures

ASB 93 (ASC 958): A. guides depreciation. B. guides accounting for contributions. C. establishes financial display requirements. D. establishes the accounting for investments.

A. guides depreciation.

A private, not-for-profit hospital uses a fund structure which includes a general fund and donor restricted funds. Contributions received from donors for research to be conducted by the hospital should be accounted for in the: A. specific purpose fund. B. time-restricted fund. C. general fund. D. restricted current fund.

A. specific purpose fund

A private, not-for-profit hospital received a cash contribution of $100,000 from Samantha Hicks on November 14, 20X8. Ms. Hicks specified the money be used to acquire equipment. On December 31, 20X8, the hospital had not expended any of Ms. Hicks' contribution. On the statement of changes in net assets for the year ended December 31, 20X8, the hospital should report the contribution as a $100,000 increase in A. temporarily restricted net assets. B. unrestricted net assets. C. fund balance. D. deferred revenue.

A. temporarily restricted net assets

Unrestricted current funds of a private university designated by the governing board for a specific future purpose should be reported as part of: A. unrestricted net assets. B. temporarily restricted net assets. C. board-restricted net assets. D. term endowments.

A. unrestricted net assets.

Samuel Corporation foresees a downturn in its business in the medium term. It expects to sustain an operating loss of $160,000 for the full year ending December 31, 20X8. Samuel's tax rate is 35 percent. Anticipated tax credits for 20X8 total $8,000. No permanent differences are expected. Realization of the full tax benefit of the expected operating loss and realization of anticipated tax credits are assured beyond any reasonable doubt because they will be carried back. For the first quarter ended March 31, 20X8, Samuel reported an operating loss of $30,000. How much of a tax benefit should Samuel report for the interim period ended March 31, 20X8? A. $8,000 B. $12,000 C. $13,500 D. $15,500

B. $12,000

Davis Company uses LIFO for all of its inventories. During its second quarter of 20X9, Davis experienced a LIFO liquidation. Davis fully expects to replace the liquidated inventory in the early part of the third quarter. How should Davis report the inventory temporarily liquidated on its income statement for the second quarter? A. Cost of goods sold for the second quarter should include the acquisition cost of the goods temporarily liquidated. B. Cost of goods sold for the second quarter should include the expected replacement cost of the goods temporarily liquidated. C. Cost of goods sold for the second quarter should not include the expected replacement cost of the goods temporarily liquidated. D. Cost of goods sold for the second quarter is not affected by the temporary liquidation of LIFO inventory.

B. Cost of goods sold for the second quarter should include the expected replacement cost of the goods temporarily liquidated. LIFO liquidation=expected replacement cost=COGS

On the statement of activities for a private, not-for-profit literary society, expenses decrease which of the following classes of net assets? I. temporarily restricted net assets II. unrestricted net assets A. I only B. II only C. Either I or II D. Neither I nor II

B. II. Unrestricted net assets

For each of the items listed below, state whether they increase or decrease the balance in cumulative translation adjustments (assuming a credit balance at the beginning of the year) when the foreign currency strengthened relative to the U.S. dollar during the year. Net Income Dividends Declared A. Decrease Increase B. Increase Decrease C. Decrease Decrease D. Increase Increase

B. Increase net income and decrease dividends declared.

Missoula Corporation disposed of one of its segments in the second quarter and incurred a gain from disposal of discontinued segment of $600,000, net of taxes. What is the effect of this gain from disposal of discontinued segment? A. Increase net income from operations for the year by $600,000. B. Increase second quarter net income by $600,000. C. Increase each quarter's net income by $150,000. D. Increase each of the last three quarters' net income by $200,000.

B. Increase second quarter net income by $600,000.

4. Zeus Corporation has determined that it has 15 reportable operating segments. In order to comply with the standard for segment disclosures, Zeus Corporation should do which of the following? A. Report 10 reportable segments and disclose the remaining 5 segments as other operating segments. B. Report 10 reportable segments by combining the most closely related segments. C. Report 15 reportable segments as long as the 75 percent revenue test has been satisfied. D. Report 12 reportable segments and show all other operating segments in a column labeled "Other Operating Segments."

B. Report 10 reportable segments by combining the most closely related segments.

Assume that the replacement did not happen in November. In December, the company decided not to replace any of the 1,500 units. The entry required on December 31 to eliminate valuation accounts related to the inventory that will not be replaced will include: A. a debit to Excess of Replacement Cost over LIFO Cost of Inventory Liquidation for $22,500. B. a credit to Cost of Goods Sold for $15,000. C. a debit to Inventory for $70,000. D. a debit to Inventory for $15,000.

B. a credit to Cost of Goods Sold for $15,000.

Tuition and Fee remissions/waivers and uncollectible accounts:

Full amount of standard rate for tuition and fees is recognized as revenue. Tuition and fee reimbursements for withdrawals from coursework. Counted for as a reduction of revenue.

Time restricted funds

Funds held until spent then moved to unrestricted net assets to offset spending. The donor puts the time restriction on the donation.

Government run colleges/universities and hospitals following which governing body's rules and regulations

GASB

Wich of the following defines a foreign-based entity that uses a functional currency different from the local currency I. A U.S. subsidiary in Britain maintains its accounting records in pounds sterling, with the majority of its transactions denominated in pounds sterling. II. A U.S. subsidiary in Peru conducts virtually all of its business in Latin America, and uses the U.S. dollar as its majority currency.

II. A U.S. subsidiary in Peru conducts virtually all of its business in Latin America, and uses the U.S. dollar as its majority currency.

If the restatement method for a foreign subsidiary involves remeasuring from the local currency into the functional currency then translating from functional currency to U.S. dollars, the functional currency of the subsidiary is: I. US dollar II. Local Currency Unit III. A third country's currency

III. A third country's currency

How are contributions of services accounted for?

If skilled labor then they are counted at contribution. They are recorded at fair value. If general labor don't count. Importance is reporting volume of contributions received.

How do the temporarily restricted and permanently restricted accounts increase and decrease?

Increased by donor gifts, grants, and investments. Decreases come from the transfer to unrestricted net assets. Temporarily restricted asset and permanently restricted groups are determined by the donor. They put a stipulation on the donation.

Simon Company has two foreign subsidiaries. One is located in France, the other in England. Simon has determined the U.S. dollar is the functional currency for the French subsidiary, while the British pound is the functional currency for the English subsidiary. Both subsidiaries maintain their books and records in their respective local currencies. What methods will Simon use to convert each of the subsidiary's financial statements into U.S. dollars? English Subs. Fin. Sts French Subs Fin. Sts A. Translation Translation B. Remeasurement Remeasurement C. Remeasurement Translation D. Translation Remeasurement

D. Translation/Remeasurement

One of the major objectives of FASB 117 (ASC 958) is to A. emphasize the different fund structures that currently exist for all private, nonprofit organizations. B. change the reporting for governmental organizations so that their reporting is comparable to that of private, nonprofit organizations. C. report combined financial statements, instead of individual fund financial statements, for all private, nonprofit organizations. D. bring about greater uniformity in the financial statements of all private, not-for-profit organizations.

D. bring about greater uniformity in the financial statements of all private, not-for-profit organizations.

The restricted funds of a not-for-profit hospital are often termed " ______ " funds because they must hold the restricted assets and transfer expendable resources to the general fund for expenditure. A. specific B. controlled C. limited D. holding

D. holding

In 20X6 and 20X7, each of Putney Company's four operating segments met one of the three quantitative tests for segment reporting. In 20X8, Segment B failed to qualify under the prescribed tests because of abnormal financial conditions. The other three segments qualified for reporting. For 20X8, Segment B: A. should be excluded from segment disclosure but referred to in the management letter to shareholders. B. should be distinctly separated from the other three segments and listed as a "nonqualifying" segment. C. should be combined with one of the other three segments and reported. D. should be included in the segment disclosures at the discretion of management.

D. should be included in the segment disclosures at the discretion of management.

According to Statement of Financial Accounting Standards 117 (FASB 117; ASC 958), the statement of financial position of a private university should report the excess of the university's assets over its liabilities as: A. fund balance. B. unrestricted and restricted fund balance. C. retained earnings. D. unrestricted, temporarily restricted, and permanently restricted net assets.

D. unrestricted, temporarily restricted, and permanently restricted net assets.

Based on the preceding information, in the entry to record the replacement of the 1,500 units in November, Cost of Goods Sold will be debited for: A. $52,500. B. $22,500. C. $15,000. D. $7,500.

1500*45=$67,500 1500*50=$75,000 D.$7,500 (75,000-67,500)

Based on the preceding information, in the entry to record the replacement of the 1,500 units in November, Inventory will be debited for: A. $52,500. B. $75,000. C. $67,500. D. $60,000.

1500*50= $75,000 1500*45= $67,500 1500*35= $52,500 A. $52,500

Infinity Corporation acquired 80 percent of the common stock of an Egyptian company on January 1, 20X8. The goodwill associated with this acquisition was $18,350. Exchange rates at various dates during 20X8 follow: Jan 1: 1EU=0.1835 Dec. 31 1EU=0.1850 Avg. 1EU=0.1840 Goodwill suffered an impairment of 20 percent during the year. If the functional currency is the Egyptian Pound, how much goodwill impairment loss should be reported on Infinity's consolidated statement of income for 20X8?

3,670

In a university, class cancellation refunds of tuition and fees should be recorded as: I. a reduction of revenue from tuition and fees. II. a reduction of accounts receivable. A. I only B. II only C. Either I or II D. Neither I nor II

A. A reduction of revenue from tuition and fees.

Not-for-profit hospital accounting uses what type of accounting?

Accrual

Profit seeking colleges and universities use which method of accounting to account for transactions.

Accrual

Which combination of accounts and exchange rates is correct for the translation of a foreign entity's financial statements from the functional currency to U.S. dollars? Exchange Rate Accounts A. Current Salary Exp. Sales, Dep. B. Current A/P, Inventory, Invest. C. Historical C/S, Div Pay, R/E D. Weighted Avg. R/E, Land, Inventory

B. Current exchange rate for the accounts of A/P, Inventory, Investments

How would a company report a change in an accounting principle made on the last day of the third quarter? A. Retrospective application to all pre-change interim periods reported. B. No change is required. C. Apply to current and prospective interim periods only. D. Apply to prospective interim periods only.

If a company changes an accounting principle on the last day of the 3rd quarter they need to apply an: A. retrospective application to all pre-change interim periods reported.

Statement of Activities

Only unrestricted "fund" records expense

How are patient revenues stated?

Patient revenue is stated net of contractual reductions

Statement of Cash Flows

Reconciles from change in net assets to change in cash. Has the same three groupings as a corporations statement of cash flows. Each section has separate section splitting out contributions/income related to restricted funds from operations.

Formula:

Revenue + Net assets transfers from restricted= total revenue, gains and other support- expenses= change in net assets+net assets, beginning of year

How is revenue reported on the statement of financial position for colleges and universities

Revenue is reported net of scholarships, grant for which student does no work; if student performs work report gross and record an expense

Endowment

The income from the endowment moves to the unrestricted net assets fund, the principle stays within the endowment forever.

10% rule

Total assets, OR total liabilities OR revenues OR expenditures of fund are greater than 10% of corresponding total

5% rule

Total assets, OR total liabilities OR revenues OR expenditures of fund are greater than 5% of corresponding total

When the local currency of the foreign subsidiary is the functional currency, a foreign subsidiary's inventory carried at cost would be converted to US dollars by? A. translation using historical exchange rates. B. remeasurement using historical exchange rates. C. remeasurement using the current exchange rate. D. translation using the current exchange rate.

Translation using the current exchange rate

How are investments accounted for? FV or Basis? Adjustments? Investment income?

Use normal FAIR VALUE ACCOUNTING FOR INVESTMENTS but fair value adjustments and investment income is separated into unrestricted and restricted.

A not-for-profit private college in Virginia created a separate foundation responsible for obtaining financial support from alumni and others. Foundation assets are used for the benefit of the college. Donations made to the foundation and subsequently transferred to the college should be: A. recognized as revenues by the foundation when received, and as revenues of the college when transferred. B. recognized as revenues by the foundation when received and as expenses by the foundation when transferred. C. recognized both as a change in its interest in the foundation and as revenues by the college when the donation is received by the foundation. D. recognized as an increase in net assets of the foundation and as revenues of the college when the donation is received by the college.

B. recognized as revenues by the foundation when received and as expenses by the foundation when transferred.

Dividends of a foreign subsidiary are translated at: A. the average exchange rate for the year. B. the exchange rate on the date of declaration. C. the current exchange rate on the date of preparation of the financial statement. D. the exchange rate on the record date.

B. the exchange rate on the date of declaration is used to translate the dividends of a foreign subsidiary.

The British subsidiary of a U.S. company reported cost of goods sold of 75,000 pounds (sterling) for the current year ended December 31. The beginning inventory was 10,000 pounds, and the ending inventory was 15,000 pounds. Spot rates for various dates are as follows: Date Beg. Inv. $1.60=1lb Rate @ Beg. yr. $1.58=1lb Weighted avg. rate $1.50=1lb Date end inv. $1.45=1lb Assuming the pound is the functional currency of the British subsidiary, the translated amount of cost of goods sold that should appear in the consolidated income statement is: A. $108,750. B. $112,500. C. $114,300. D. $125,700.

B.112,500 (75,000*1.50)

A not for profit hospital uses 4 accounting statements

Balance Sheet or Statement of Net Assets Statement of Operations Statement of Changes in Net Assets Statement of Cash Flows

Statement of Operations: "Transfers In" listed "above the line" if released for use in operations. Investment income available for operations listed "above the line" if available for use. "Transfers in" for PP&E purchases "below the line" Investment income from restricted funds "below the line" if not used in operations.

Balance Sheet or Statement of Net Assets: Assets stated on top represent unrestricted. Addition asset section shown for restricted It has the same net asset categories as colleges and universities

Crisfield Company has two reportable segments, C and D. Segment C made $4,000,000 of sales to external customers and $400,000 of sales to other operating segments. Segment D, on the other hand, made sales of $8,000,000 to external customers and $1,600,000 of sales to other operating segments. Crisfield Company reported $13,200,000 of revenues on its consolidated income statement. What calculation below correctly determines whether Crisfield Company's reportable segments satisfy the 75% revenue test? A. $14,000,000/$15,200,000 B. $14,000,000/$13,200,000 C. $12,000,000/$13,200,000 D. $12,000,000/$15,200,000

C. $12,000,000/$13,200,000

Wakefield Company uses a perpetual inventory system. In August, it sold 2,000 units from its LIFO- base inventory, which had originally cost $35 per unit. The replacement cost is expected to be $45 per unit. The company is planning to reduce its inventory and expects to replace only 1,500 of these units by December 31, the end of its fiscal year. The company replaced 1,500 units in November at an actual cost of $50 per unit. --Based on the preceding information, in the entry in August to record the sale of the 2,000 units: A. Cost of Goods Sold will be debited for $70,000. B. Inventory will be credited for $85,000. C. Excess of Replacement Cost over LIFO Cost of Inventory Liquidation will be credited for $15,000. D. Excess of Replacement Cost over LIFO Cost of Inventory Liquidation will be credited for $67,000.

C. Excess of Replacement Cost over LIFO Cost of Inventory Liquidation will be credited for $15,000.

FASB 131 (ASC 280) requires certain disclosures about major customers. All of the following statements about those disclosures are true with the exception of which statement? A. The identity of the segment reporting the revenue from a significant customer must be disclosed in a footnote. B. The amount of revenue from a significant customer must be disclosed in a footnote. C. For applying the disclosure test a threshold of 10 percent of total revenues is mandated. D. A local, state, or foreign government can be considered a major customer.

C. For applying the disclosure test a threshold of 10 percent of total revenues is mandated.

A private, not-for-profit hospital received contributions of $50,000 from donors on June 15, 20X9. The donors stipulated that their contributions be used to purchase equipment for the hospital. As of June 30, 20X9, the end of the hospital's fiscal year, $12,000 of the contributions had been spent on equipment acquisitions. In the hospital's general fund, what account would be credited to recognize the release of the restrictions on the temporarily restricted contributions used to acquire equipment? A. Revenue released from equipment acquisition restriction B. Other financing sources C. Net assets released from equipment acquisition restriction D. Unrestricted net assets released from equipment acquisition restriction

C. Net assets released from equipment acquisition restriction

All of the following situations require a retrospective application of a change in a reporting entity except for: A. Presenting consolidated financials rather than individual statements for separate entities. B. Changing the specific subsidiaries that make up a consolidated entity. C. Presenting foreign subsidiaries in addition to domestic subsidiaries. D. Changing entities that are included in combined financial statements.

C. Presenting foreign subsidiaries in addition to domestic subsidiaries.

A private college received an offer from a CPA who is an alumnus to teach a one-semester advanced accounting course at no cost. FASB 116 (ASC 958) prescribes that this contribution of service: A. need only be disclosed in the footnotes to the financial statements. B. be recorded as an asset with an equivalent amount recorded in the unrestricted fund balance. C. be recorded as a revenue with an equivalent amount recorded as an expenditure. D. need not be recorded if the service is for a period less than one academic year.

C. be recorded as a revenue with an equivalent amount recorded as an expenditure.

The income tax expense applicable to the second quarter's income statement is determined by: A. dividing the estimated annual income tax expense by four and allocating the amount to the second quarter. B. multiplying the effective income tax rate times the income before tax for the second quarter. C. subtracting the income tax expense applicable to the first quarter from the income tax expense applicable to the first two quarters. D. subtracting the income tax liability applicable to the first quarter from the income tax liability applicable to the first two quarters.

C. subtracting the income tax expense applicable to the first quarter from the income tax expense applicable to the first two quarters.

For the year ended June 30, 20X9, a university assessed its students a total of $4,000,000 for tuition and fees. Included in this amount was $300,000 of tuition remissions awarded to graduate teaching assistants, and $150,000 of scholarships awarded to undergraduate students. Tuition and fees totaling $3,550,000 were collected during the year ended June 30, 20X9. What amount should be reported in the unrestricted fund as net revenue from tuition and fees for the year ended June 30, 20X9? A. $4,000,000 B. $3,550,000 C. $3,700,000 D. $3,850,000

D. $3,850,000 (3,550,000+300,000) Amount reported in the unrestricted fund as net revenue from tuition and fees.

Which of the following describes a situation when a parent company would not consolidate a foreign subsidiary? A. Restrictions on foreign exchange in the foreign country. B. Restrictions on transfers of property in the foreign country. C. Other governmentally imposed uncertainties. D. All of the above

D. ALL OF THE ABOVE

If a company changes the method it uses to compute the allowance for uncollectible accounts receivable because more recent information has become available, how is this change in method is accounted for? A. The change is only reported in the current period in which the change is made B. The change is reported in all future periods affected by the change C. Previously issued financial statements are not adjusted by the change D. All of the above are correct ways to account for the change

D. All of the above are correct ways to account for the change

Investment income for not-for-profit entities may include: I. interest from debt investments. II. dividends from equity investments. III. changes in the fair values of both debt and equity investments. A. I only B. I and II only C. I and III only D. I, II, and III

D. I, II, and III

FASB 131 (ASC 280) uses a(n) ______ approach to the definition of segments. A. line of business B. entity approach C. portfolio D. management

D. Management

Which rule-making body is currently setting standards of financial reporting for private not-for-profit universities and for public (governmental) universities. Private Univ. Public Univ. A. FASB FASB B. GASB GASB C. GASB AICPA D. FASB GASB

D. Private Universities follow FASB and Public Universities follow GASB.

Statement of Changes in Net Assets: Three sections: unrestricted, temporarily restricted, permanently restricted. Contributions listed separately by type) operations contributions are above the line as part of excess of revenues etc over expenses

Statement of Cash Flows: Reconciles to "unrestricted cash" )Balance sheet shows restricted cash as separate asset) Each section has subsection for change in restricted funds.