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CPFO GOVERNMENTAL ACCOUNTING, AUDITING ...QUESTIONS WITH CORRECT ANSWERS

1. Which of the following is a primary responsibility of a public finance officer? A) Marketing municipal bonds B) Managing municipal finances ** C) Issuing corporate dividends D) Auditing private companies Rationale: Public finance officers are responsible for overseeing the financial management of government entities, including budgeting, investment, and debt management. 2. A city issues a 10-year municipal bond at a premium. How will this affect the city’s financial stat...

1. Which financial statement provides a snapshot of a government’s assets, liabilities, and fund balances at a specific point in time? A) Statement of Activities B) Balance Sheet C) Statement of Revenues, Expenditures, and Changes in Fund Balance D) Cash Flow Statement Rationale: The Balance Sheet shows the financial position of an entity at a single point in time, including assets, liabilities, and fund balances. 2. What accounting basis do most governmental funds use? ...

GOV/NON PROFIT ACCOUNTING: TEST 1 MULTIPLE CHOICE QUESTIONS | QUIZ SMART | SCORE HIGH | GUARANTEED ACCURACY!

CPFO: ACCOUNTING & FINANCIAL REPORTING QUESTIONS | QUIZ SMART | SCORE HIGH | GUARANTEED ACCURACY!

CPFO-Risk Management Questions With Complete Solutions

CPFO Treasury and Investment Management Questions With Complete Solutions

CPFO GOVERNMENTAL ACCOUNTING, AUDITING AND FINANCIAL REPORTING PRACTICE TEST QUESTIONS WITH CORRECT ANSWERS 2025

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