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NDFS 455 Test 2 Quizzes (5-8) || with A+ Guaranteed Solutions.
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  • NDFS 455

Which of the following is a basic financial statement? correct answers Balance Sheet, Statement of Operations, & Statement of Cash Flows Balance Sheet for a non-profit contains all of the following: correct answers Organization's assets, Organization's liabilities, & Cash Flow Assets correct ...

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  • September 28, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • which of the following is a basic financial statem

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  • NDFS 455
  • NDFS 455

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NDFS 455 Test 2 Quizzes (5-8) || with A+ Guaranteed
Solutions.
Which of the following is a basic financial statement? correct answers Balance Sheet, Statement
of Operations, & Statement of Cash Flows

Balance Sheet for a non-profit contains all of the following: correct answers Organization's
assets, Organization's liabilities, & Cash Flow

Assets correct answers Cash, investments, inventory, and receivables.

Liabilities correct answers Financial obligations due within a year

Net asset categories correct answers Permanent
Temporary
Unrestricted

A statement of operations summarizes the organization's total assets, liabilities, and net assets in
what time period? correct answers Over a period of time

Other revenue correct answers Appropriations and grants, Income from investments, & Revenue
from contributions.

The statement of changes in net assets includes correct answers Why there was a change from
one year to the next in the entire net asset section of the balance sheet

Body of the statement of cash flows does not include correct answers Current liabilities

Cash flows from investing activities includes: correct answers Purchase of plant property and
equipment

Analyzing financial statements helps a health care organization to correct answers Determine if
profitable
Determine the effectiveness in collecting receivables

Trend analysis compares changes over correct answers Each year with the base year

Vertical analysis answers which general question? correct answers What percentage of one line
item is another line item?

Categories of ratios include: correct answers Liquidity, Profitability, and Capital structure.

Liquidity ratios measure: correct answers A facility's ability to meet short term obligations,
collect receivables and maintain cash position

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