Free CHFP Exam Braindumps (page: 8)

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Balance sheet is majorly composed of:

  1. heading, body and notes
  2. heading, preliminary side bullets and notes
  3. footers, body and notes
  4. heading, body and footers

Answer(s): A



At the top of the balance sheet there is a three-line heading that includes name of the organization, name of statement and

  1. One date
  2. Two dates
  3. Three dates
  4. none of the above

Answer(s): D



A major difference between the balance sheet of an investor-owned and a non-profit health care organization is in the section.

  1. owners' asset
  2. owners' liability
  3. owners' equity
  4. owners' expense

Answer(s): C



Two dates are often shown so that the reader can compare two successive periods, this is called:

  1. comparative net assets
  2. comparative balance sheet
  3. comparative income statement
  4. comparative cash flows

Answer(s): B






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