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Free CHFP Exam Braindumps

If assets are equal to the sum of liabilities and net assets in an accounting equation then this equation is feasible for:

  1. Investor-owned organizations
  2. Profit-based organizations
  3. Non-profit based organizations
  4. None of the above

Answer(s): C



Which of the following is NOT included in current assets?

  1. Cash and cash equivalents
  2. short-term investments
  3. patient accounts receivables
  4. long-term investments

Answer(s): D



A measure of how quickly an asset can be converted into cash is called:

  1. Cash conversion
  2. Asset conversion
  3. Liquidity
  4. Equity

Answer(s): C



Cash (or cash equivalents) is the most liquid asset on the balance sheet.

  1. True
  2. False

Answer(s): A






Post your Comments and Discuss Financial CHFP exam with other Community members:

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