Cgfm exam 2 study guide - Study guides, Class notes & Summaries

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CGFM Exam 2 Study Guide Questions and Answers Graded A 2024
  • CGFM Exam 2 Study Guide Questions and Answers Graded A 2024

  • Exam (elaborations) • 17 pages • 2024
  • 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? -Correct Answer Correct Answer: $133.50 I 2.In financial reporting, consistency of communication means -Correct Answer Correct Answer: if accounting princ...
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CGFM EXAM 2 Study Guide (2023/2024) Rated A+
  • CGFM EXAM 2 Study Guide (2023/2024) Rated A+

  • Exam (elaborations) • 32 pages • 2023
  • Available in package deal
  • CGFM EXAM 2 Study Guide (2023/2024) Rated A+ 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, cred...
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CGFM Study Guide Exam 2 Questions and Answers
  • CGFM Study Guide Exam 2 Questions and Answers

  • Exam (elaborations) • 16 pages • 2024
  • Available in package deal
  • CGFM Study Guide Exam 2 Questions and Answers
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CGFM Exam #2 - Governmental Accounting Study Guide
  • CGFM Exam #2 - Governmental Accounting Study Guide

  • Exam (elaborations) • 4 pages • 2023
  • Available in package deal
  • Reasons Governments are not Run Like Businesses CORRECT ANSWER 1) Goals and objectives differ considerably from those in the private sector. 2) Exists to provide services, not gain profits. 3) Goals and objectives are sometimes established with input from the public. 4) Resources are derived primarily from taxes; there are no shareholders. 5) No single measure of success; can't use increasing market share, earnings per share, or the fact that it is still in business like private sector corp...
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CGFM Exam Study Guide 2 with Questions and Answers| 100% Passed
  • CGFM Exam Study Guide 2 with Questions and Answers| 100% Passed

  • Exam (elaborations) • 101 pages • 2024
  • CGFM Exam Study Guide 2 with Questions and Answers| 100% Passed
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