GFOA Exam CPFO Topic 11 Question 84 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 84
Topic #: 11

[All CPFO Questions]

Program, Fundraising and administrative are the types of

AAssets

BLiabilities

CExpense

DNone of these

Show Suggested Answer

Suggested Answer: D

by Helene at Apr 08, 2024, 10:41 AM

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4 days ago

Hmm, I was thinking these might be different categories of nonprofit activities, not financial classifications. But I guess C is the best answer.

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10 days ago

I'm pretty sure these are types of expenses, not assets or liabilities. C seems like the obvious choice here.

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13 days ago

That's true, they do involve spending money to operate.

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14 days ago

I think Program and Fundraising could be considered expenses too.

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16 days ago

Program, Fundraising and administrative are the types of assets.

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