Detailed Answer
(d) In accordance with FASB ASC 958, nongovernmental
not-for-profit organizations are required to report a
statement of cash flows. On this statement, cash flows are reported
using the classifications of operating, investing, and financing
activities. Cash flows related to revenues and expenses
that are unrestricted should be reported in the operating activities
section. The cash inflows from both tuition ($500,000) and
the unrestricted contribution ($100,000) are both unrestricted
and should be reported as operating activities. Restricted contributions
for long-term purposes, like the $300,000 endowment,
are reported as financing activities on the statement of cash flows.