Day 70 - 47% DNF Flashcards
1
Q
What is true about a 10 year bond issued at 96 and fully redeemed 3 years later at 102?
A
A loss will be reported in income from continuing operations
MCQ-01505
2
Q
What is on the statement of Cash Flows in the operating activities for a NFP?
A
Cash received without donor restrictions or used in central ongoing activities of the organization
MCQ-04674
3
Q
Freight out is considered a _____ expense
A
Selling expense
MCQ-00196
4
Q
The governmental fund measurement focus is on the determination of:
A
Financial Position & Current Financial Resources
NOT INCOME
MCQ-00897
