The Jackson Foundation, a not-for-profit organization, received contributions in Year 1 as follows: Unrestricted cash contributions of $500,000. Cash contributions of $200,000 to be restricted to acquisition of property.
Jackson's statement of cash flows in Year 1 should include which of the following amounts?
| | Operating
activities
| Investing
activities
| Financing
activities
|
|---|
|
a. | $0 | $500,000 | $200,000 | |
b. | $500,000 | $200,000 | $0 | |
c. | $500,000 | $0 | $200,000 | |
d. | $700,000 | $0 | $0 |
|
