Cgfm exam 2 Study guides, Class notes & Summaries
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CGFM EXAM 2 Study questions with correct answers
- Exam (elaborations) • 20 pages • 2023
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Non-Spendable Fund Balance CORRECT 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 CORRECT 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, creditors, contri...
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CGFM EXAM 2 2022/2023 with 100% correct answers
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Non-Spendable Fund Balance 
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 
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, creditors, contributors or granting agenc...
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CGFM Exam 2 | CGFM Exam 2 (2024) Questions With 100% Solved Answers!
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CGFM Exam 2 | CGFM Exam 2 (2024) Questions With 100% Solved Answers!
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CGFM EXAM 2 (CERTIFIED GOVERNMENT FINANCIAL MANAGER – CGFM EXAM 2) 2024-2025 WITH 300 QUESTIONS AND CORRECT ANSWERS (BRAND NEW!)
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CGFM EXAM 2 (CERTIFIED GOVERNMENT FINANCIAL MANAGER – CGFM EXAM 2) WITH 300 QUESTIONS AND CORRECT ANSWERS (BRAND NEW!)
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CGFM EXAM 2 AGA'S CGFM - GOVERNMENTAL ACCOUNTING, FINANCIAL REPORTING, AND BUDGETING | 156 Questions and Answers 100% Correct | Updated 2024
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CGFM EXAM 2 AGA'S CGFM - GOVERNMENTAL ACCOUNTING, FINANCIAL REPORTING, AND BUDGETING | 156 Questions and Answers 100% Correct | Updated 2024
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CGFM Exam 2
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CGFM Exam 2 
I 1.The Defense Logistics Agency holds jet fuel as inventory, which it sells to 
support flight operations. The table on the left provides beginning/ending fiscal 
year 2017 inventory levels and purchase information. Assuming the agency uses 
the FIFO inventory valuation method, what was the cost of goods sold for jet fuel 
in fiscal year 2017? - ANSWER-Correct Answer: $133.50 
I 2.In financial reporting, consistency of communication means - 
ANSWER-Correct Answer: if accounting pri...
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CGFM Exam 2 Complete Questions And Answers With Verified Solutions
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CGFM Exam 2 Complete Questions And Answers With Verified Solutions 
 
CGFM Exam 2 Complete Questions And Answers With Verified Solutions
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CGFM Exam 2 – Questions & Answers (100% Correct)
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CGFM Exam 2 – Questions & Answers (100% Correct)
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CGFM Exam 2| 175 Complete Questions and Answers 100% Correct | Updated 2024
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CGFM Exam 2| 175 Complete Questions and Answers 100% Correct | Updated 2024
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CGFM EXAM 2 - QUESTIONS WITH COMPLETE SOLUTIONS
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CGFM EXAM 2 - QUESTIONS WITH COMPLETE SOLUTIONS
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