Apr 30th, 2015
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Strayer University
Course: business and management
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Reporting cash flows is different between public and private because the GASB mandates that Governments use the direct method as opposed to the indirect method. The FASB does encourage business and not-for-profits to utilize the direct method. That being said, there is only one journal entry for the expenditure when it comes to a private or business type entity.

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Leah PasternakGovernment & Not for Profit ACC410Chapter 13: Special Issues for Not-for-Profit Health Care Providers and Institutions of Higher Education- Homework Submission13-21. C2. D3. C4. D5. A6. B7. B8. D9. D10. A13-4Fund TypesPermanently Unrestrict.Temporarily Restrict.Unrestrict.FundsFundsFundsCurrent funds:Designated20,445Restricted28,114Student loan funds23,640Endowment and Similar funds:Unrestricted quasi59,644endowment fundsRestricted endow-68,352ment funds Other endowment369,399fundsLife income funds17,012Plant funds:Unexpended19,452Retirement of in-6,306debtedness Net investment in115,089Total fund balances537,987169,95419,452plant13-513-71. Loan funds$75,000Contributions$75,0002.Student loans receivable$180,000 Uncollectibles A/R

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