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Question 5 An allowance for bad debts is used for which of the following: Question 5 options: Accounts receivable Pledges receivable Both of the above

Question 5

An allowance for bad debts is used for which of the following:

Question 5 options:

Accounts receivable

Pledges receivable

Both of the above

None of the above

Question 6

The nonprofit statement of cash flows includes the classifications of operating, investing and financing cash flows.

Question 6 options:

True
False

Question 7

The author's issue with the Better Business Bureau rating methodology is that it sets a 65% standard for program expenses.

Question 7 options:

True
False

Question 8

It's best to have the most revenue diversification possible.

Question 8 options:

True
False

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