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Download Certified Government Financial Manager (CGFM) Exam Dumps
NEW QUESTION 20
on the bonds is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes.
- A. Interest
- B. None of these
- C. Discount
- D. Premium
Answer: A
NEW QUESTION 21
Based upon the performance measures report below provided to a local governmental oversight committee, what conclusions may be made?
- A. The arson task force fielded in FY07 is having a significant impact.
- B. A fire engine bond issuance is needed.
- C. More fire engines and fire companies are needed.
- D. State fire marshal mandates are being met.
Answer: A
NEW QUESTION 22
firm to
Most States require that local government engage the services of an
audit their financial statements.
- A. None of these
- B. Government accountability office
- C. Certified public accounting firm
- D. Government finance officers association
Answer: C
NEW QUESTION 23
clause that permits the government to
The lease agreement contains a
cancel the capital lease, without defaulting, by not appropriating payment for the lease.
- A. It depends
- B. Appropriation
- C. Non-appropriation
- D. None-of these
Answer: C
NEW QUESTION 24
Assume an invoice with credit terms of 2%/10, net30. The interest charge is 2% of $1000, or $20; the principal is $980; and the days of principal borrowed are the 20 days of credit.
What is the interest rate offered if the discount is taken?
- A. 37.33%
- B. 37.23%
- C. 37%
- D. 37.35%
Answer: B
NEW QUESTION 25
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