Wilson Hospital, a nonprofit hospital affiliated with Wilson College, had the following cash receipts for the year ended December 31, 2005:
|
Collections of health care receivables |
$750,000 |
|
Contribution from donor to establish a term endowment |
250,000 |
|
Tuition from nursing school |
50,000 |
|
Dividends received from investments in permanent endowment |
80,000 |
The dividends received are restricted by the donor for hospital building improvements. No improvements were made during 2005. On the hospital’s statement of cash flows for the year ended December 31, 2005, what amount of these cash receipts would be included in the amount reported for net cash provided (used) by operating activities?
- $ 880,000
- $ 800,000
- $1,050,000
- $ 750,000