CHFP: Certified Healthcare Financial Professional (CHFP)
Free Practice Exam Questions (page: 14)
Updated On: 2-Jan-2026

expenses are the expenses that arise in the control course of business that have not yet been paid.

  1. Accrued expenses

Answer(s): A



Accrued expenses are the liabilities and are reflected in the balance sheet.

  1. True
  2. False

Answer(s): A



For not-for-profit health care providers, the net assets section of the balance sheet is analogous to the owner's equity section of a for-profit organization's statement of cash flow.

  1. True
  2. False

Answer(s): B



Stockholders equity for investors-owned organizations represents:

  1. Stock and retained earnings
  2. Stock and accrual earnings
  3. Stock and sales
  4. Stock and purchase

Answer(s): A



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