GFOA Exam CPFO Topic 3 Question 101 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 101
Topic #: 3

[All CPFO Questions]

Cost Allocation basis for all internal funds is:

ASame

BDifferent for different types of funds

CConditional

DIt depends

Show Suggested Answer

Suggested Answer: B

by Jaime at Sep 15, 2024, 01:04 AM

Limited Time Offer

25%

Off

Get Premium CPFO Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Carry

1 months ago

Wait, is the answer 'All of the above'? Because that would be hilarious if they're trying to trick us!

upvoted 0 times

Arminda

14 days ago

D) It depends

upvoted 0 times

...

Brigette

22 days ago

B) Different for different types of funds

upvoted 0 times

...

Cheryl

27 days ago

A) Same

upvoted 0 times

...

Donette

1 months ago

A. Same? No way, that can't be right. Different funds must have different cost allocation needs.

upvoted 0 times

Corazon

4 days ago

D) It depends

upvoted 0 times

...

Annamaria

20 days ago

A) Same? No way, that can't be right. Different funds must have different cost allocation needs.

upvoted 0 times

...

Joaquin

1 months ago

B) Different for different types of funds

upvoted 0 times

...

Dan

1 months ago

D. It depends? Really? That's too vague. I bet the correct answer is more specific than that.

upvoted 0 times

...

Leontine

2 months ago

Hmm, I'm not so sure. Maybe it's C - Conditional? The cost allocation could depend on the specific fund's requirements or policies.

upvoted 0 times

Dortha

23 days ago

Yeah, it could be different depending on the circumstances.

upvoted 0 times

...

Una

1 months ago

I'm not sure, maybe it's D - It depends on the situation.

upvoted 0 times

...

Dallas

1 months ago

I agree, the cost allocation can vary based on the specific fund.

upvoted 0 times

...

Odette

1 months ago

I think it's B - Different for different types of funds.

upvoted 0 times

...

Leoma

2 months ago

I'm not sure, but I think it could also be C) Conditional, depending on the specific circumstances of each fund.

upvoted 0 times

...

Tiera

2 months ago

I'm pretty sure the answer is B. Different types of funds would have different cost allocation bases. That just makes sense, right?

upvoted 0 times

Lenita

27 days ago

It's important to consider the specific requirements of each fund when determining the cost allocation basis.

upvoted 0 times

...

Jeannine

1 months ago

I believe the answer is B as well. Different funds have different purposes and should be allocated costs accordingly.

upvoted 0 times

...

Cordelia

1 months ago

I think it depends on the type of fund and its specific needs.

upvoted 0 times

...

Erick

1 months ago

I agree, it wouldn't make sense for all internal funds to have the same cost allocation basis.

upvoted 0 times

...

Christene

2 months ago

I agree with Marquetta, because different funds may have different purposes and therefore require different allocation bases.

upvoted 0 times

...

Marquetta

2 months ago

I think the answer is B) Different for different types of funds.

upvoted 0 times

...