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Certified Healthcare Financial Professional (CHFP) Questions 31–35 (page: 8)

Updated On: 9-Feb-2026

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QUESTION: 31

Net assets are:

The difference between an organization's assets and liabilities
The difference between an owner's assets and liabilities
The difference between a shareholder's assets and expenses
The difference between a stakeholder's assets and expenses

Answer(s): A

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QUESTION: 32

In investor-owned organizations, the accounting equation is:

Assets are equal to the sum of liabilities and owner's equity
Assets are equal to the sum of liabilities and shareholder's equity
Assets are equal to the sum of liabilities and proprietor's equity
Assets are equal to the sum of liabilities and net assets

Answer(s): B

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QUESTION: 33

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

Investor-owned organizations
Profit-based organizations
Non-profit based organizations
None of the above

Answer(s): C

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QUESTION: 34

Which of the following is NOT included in current assets?

Cash and cash equivalents
short-term investments
patient accounts receivables
long-term investments

Answer(s): D

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QUESTION: 35

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

Cash conversion
Asset conversion
Liquidity
Equity

Answer(s): C

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