Sinking fund - Study guides, Study notes & Summaries
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CGFM EXAM 2 Study Non-Spendable Fund Balance - ANSWER-Assets not in spendable form-Inventories and prepaid items, principal of a permanent fund which may not be spent, and assets held for sale and long-term receivables. Examples: Supplies, inventory, memb
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CGFM EXAM 2 Study 
Non-Spendable Fund Balance - ANSWER-Assets not in spendable 
form-Inventories and prepaid items, principal of a permanent fund which may not 
be spent, and assets held for sale and long-term receivables. Examples: 
Supplies, inventory, membership fees 
Restricted Fund Balance - ANSWER-Subject to constraints imposed by external 
parties or law. Debt covenants (such as a requirement for a sinking fund) or 
constraints imposed by legislation or federal and state agencies, credito...
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CTP Practice Exam with 100% Correct Answers | Verified | Latest Update 2024 | Already Passed
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Over the past 3 years XYZ Company has expanded into multiple countries and significantly 
grown its banking relationships. The company now incurs significant expenses related to 
payment transaction costs and maintaining multiple bank connections. What shoudl the company 
use to cobat these rising costs. 
A. SWIFT network 
B. ACH Network 
C. CHIPS network 
D. TARGET 2 - A 
An Instrument that gives the right to buy a stated number of shares of common stock at a 
specified price is known as 
a. An...
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CTP Exam Practice Questions 100 Questions with 100% Correct Answers Updated & Verified
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Over the past 3 years XYZ Company has expanded into multiple countries and significantly grown its 
banking relationships. The company now incurs significant expenses related to payment transaction 
costs and maintaining multiple bank connections. What should the company use to combat these rising 
costs. 
A. SWIFT network 
B. ACH Network 
C. CHIPS network 
D. TARGET 2 - A 
An Instrument that gives the right to buy a stated number of shares of common stock at a specified price 
is known as 
a. A...
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FINANCIAL ACCOUNTING AND REPORTING Exam with Questions and Answers 100% Correc
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1. Vance Company provided the following information on December 31, 2017: 
Copyright 300,000 
Deposit with advertising agency used to promote goodwill 270,000 
Bond sinking fund 700,000 
Excess of cost over fair value of identifiable net assets of acquired subsidiary 3,900,000 
Trademark 900,000 
On December 31, 2017, what amount should be reported as total intangible assets? 
a. 4,800,000 
b. 5,070,000 
c. 5,100,000 
d. 5,370,000
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FINANCIAL ACCOUNTING AND REPORTING Exam with Questions and Answers 100% Correct
- Exam (elaborations) • 18 pages • 2024
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- R200,86
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ance Company provided the following information on December 31, 2017: 
Copyright 300,000 
Deposit with advertising agency used to promote goodwill 270,000 
Bond sinking fund 700,000 
Excess of cost over fair value of identifiable net assets of acquired subsidiary 3,900,000 
Trademark 900,000 
On December 31, 2017, what amount should be reported as total intangible assets? 
a. 4,800,000 
b. 5,070,000 
c. 5,100,000 
d. 5,370,000
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Finc 301 Exam 3 || All Answers Are Correct 100%.
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A corporate bond's coupon rate is the annual coupon payment divided by: 
the bond's face value. 
the bond's current price. 
$100. 
the bond's maturity period. correct answers The bond's face value 
 
University Corp. issued five-year bonds that pay a coupon of 6.5 percent semiannually. The current market rate for similar bonds is 5.5 percent. How much will you be willing to pay for the bond today? Do not round intermediate calculations. Round your answer to the nearest dollar. 
$1,043 
$1,0...
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Dave Ramsey Personal Finance Chapter 2 Questions with Verified Solutions
- Exam (elaborations) • 5 pages • 2024
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Dave Ramsey Personal Finance Chapter 
2 Questions with Verified Solutions 
 
What is the first foundation in Dave's 5 foundations? Save $500 in an emergency fund 
 
Some people borrow money for large purchases, but we know that we should set our money 
aside in a ________________ over time and then pay for the big purchase in cash. Sinking 
Fund 
 
Spending more money than you make & acquiring debt Negative savings rate 
 
Money today has different buying power than the same amount of money in ...
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Delta Sigma Theta Practice Test Questions And Answers
- Exam (elaborations) • 13 pages • 2023
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Delta Sigma Theta Practice Test Questions And Answers 
Mission Statement - ANS Delta sigma theta sorority incorporated is an organization of college educated women committed to the constructive development of its members and to public service with a primary focus on the Black community 
 
At what national convention was the Grand Chapter created? - ANS 1st national convention 
 
To whom or to what group is the jewel Temperance dedicated? - ANS National Staff 
 
What was the purpose of ...
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Dave Ramsey Ch 2 Saving Latest Update Graded A+
- Exam (elaborations) • 4 pages • 2024
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Dave Ramsey Ch 2 Saving Latest Update 
 
Graded A+ 
 
ompound Interest Interest paid on interest previously earned 
 
Emergency Fund Five hundred dollars saved to be used ONLY in the event of an emergency. 
 
Interest rate % paid to a lender for the use of borrowed money or % earned on invested 
money. 
 
Sinking Fund Saving money over time for a specific large purchase. 
 
Inflation The persistant rise in the price of goods and services over a period of time. 
 
Interest- Bearing Account An acc...
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Dave Ramsey Chapter 1 Questions and Answers Already Graded A
- Exam (elaborations) • 6 pages • 2024
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Dave Ramsey Chapter 1 Questions and 
 
Answers Already Graded A 
 
The first thing you should save for is your retirement fund - t/f False. Emergencies. 
 
Using pre-authorized checking helps save money - t/f True. 
 
Your first Baby Step to pay off all your debt - t/f False. The first Baby Step is saving $1,000 
for an emergency fund 
 
A money market mutual fund is the best place for your fully funded emergency fund. - t/f 
True. 
 
A sinking fund makes money grow over time by adding interest ...
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