NAB core + los section 3 (finance) with 100% correct answers

The total depreciation taken to date: 1) Accelerated Depreciation 2) Accumulated Depreciation 3) Double-Declining Balance 4) Straight-Line Depreciation 2 The same dollar amount of depreciation is allocated for every year: 1) Straight-Line Depreciation 2) Accelerated Depreciation 3) Accumulated Depreciation 4) Double-Declining Balance 1 A cost covered by Medicaid: 1) Allowable 2) Ancillary 3) Indirect 4) Direct 1 A financial report showing receipts and disbursements: 1) Earnings Statement 2) Balance Sheet 3) Cash Flow Statement 4) Bank Statement 3 A complete list of all categories of accounts: 1) Chart of Accounts 2) Ledger 3) Invoice 4) Journal 1 The decline in value of an asset: 1) Debit 2) Depreciation 3) Deficit 4) Current Liability 2 A statement which compares revenues to expenses: 1) Balance Sheet 2) Bank Statement 3) Cash Flow Statement 4) Earnings Statement 4 Debt due within one year: 1) Deficit 2) Debit 3) Depreciation 4) Current Liability 4 A method of depreciation which allocates a greater portion of cost to the early years of the life of an asset: 1) Accumulated Depreciation 2) Straight-Line Depreciation 3) Accelerated Depreciation 4) Double-Declining Balance 3 An accounting entry that increases an asset or decreases an equity account: 1) Debit 2) Deficit 3) Current Liability 4) Depreciation 1 Where financial transactions are first recorded: 1) Journal 2) Chart of Accounts 3) Invoice 4) Ledger 1 Net sales less production costs: 1) Net Profit 2) Gross Profit 3) Operating Profit 4) Net Worth 2 A cost incurred in providing services: 1) Allowable 2) Ancillary 3) Direct 4) Indirect 3 The part of Medicare that gives access to prescription drug insurance: 1) Part D 2) Part A 3) Part B 4) Part C 1 A document given to a purchaser of goods or services: 1) Invoice 2) Chart of Accounts 3) Journal 4) Ledger 1 The value of shares issued by a company: 1) Equities 2) Revenue 3) Gross income 4) Earnings 1 The inflow of assets: 1) Equities 2) Revenue 3) Gross income 4) Earnings 2 Assets less liabilities: 1) Net Profit 2) Gross Profit 3) Net Worth 4) Operating Profit 3 The inventory method that assumes that that the value of goods remaining in inventory is lower than the value of goods already used: 1) Average Cost Method 2) First-In, First-Out 3) Last-In, First Out 4) Perpetual 3 A statement which provides an account balance: 1) Earnings Statement 2) Bank Statement 3) Balance Sheet 4) Cash Flow Statement 2 The part of Medicare that is provided by a private insurance company: 1) Part C 2) Part B 3) Part A 4) Part D 1 Revenue less expenses: 1) Gross income 2) Earnings 3) Revenue 4) Equities 2 The part of Medicare that reimburses hospitals: 1) Part A 2) Part C 3) Part B 4) Part D 1 Costs incurred that are not directly involved in resident care: 1) Ancillary 2) Direct 3) Allowable 4) Indirect 4