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GFOA CPFO Exam - Topic 3 Question 61 Discussion

Non-reciprocal interfund activities include interfund transfers of assets (e.g. cash, or goods) without repayment and______________.
D) Both A&B
A) Interfund reimbursement
B) Interfund exchange
C) Cost Allocation

GFOA CPFO Exam - Topic 3 Question 61 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 61
Topic #: 3
[All CPFO Questions]

Non-reciprocal interfund activities include interfund transfers of assets (e.g. cash, or goods) without repayment and______________.

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Suggested Answer: D

by Merilyn at Nov 20, 2022, 11:00 PM

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Jannette
11 months ago
Cost allocation seems like the odd one out here.
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Elmira
11 months ago
Wait, are we sure about this? Sounds off.
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Merilyn
11 months ago
I thought interfund exchange was included too.
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Willodean
11 months ago
Definitely not interfund reimbursement!
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Ria
12 months ago
Non-reciprocal means no repayment, right?
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Yuriko
12 months ago
I feel like both A and B could be correct in some contexts, but I don't recall if they specifically apply to non-reciprocal activities.
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Moira
12 months ago
I'm a bit confused about cost allocation; it seems like it could be related, but I'm not sure if it counts as non-reciprocal.
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Rory
12 months ago
I remember practicing a question similar to this, and I think interfund exchange could fit here, so maybe B?
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Madelyn
12 months ago
I think non-reciprocal activities are more about transfers without expectation of repayment, so maybe it's not A?
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Mi
12 months ago
Okay, let's see here. The question is asking about common things done with the Phantom REST API. I'm pretty sure we used Django queries to interact with the API, and I remember something about using curl to create containers and add artifacts. I think option B is the way to go.
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Kimberely
1 year ago
Hmm, I'm not too familiar with Splunk Cloud and its integration with Phantom. I'll have to think this through carefully and review the relevant information to make sure I select the right answer.
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Sabrina
1 year ago
Wait, did they just slip in a 'goods' transfer option? I'm going to need a shopping cart for this exam!
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Sueann
1 year ago
D) Both A&B
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Adelle
1 year ago
C) Cost Allocation
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Eladia
1 year ago
B) Interfund exchange
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Michel
1 year ago
A) Interfund reimbursement
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Judy
1 year ago
The wording 'non-reciprocal' is the key here. Gotta be A, interfund reimbursement.
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Lezlie
1 year ago
So, it's definitely not an exchange or cost allocation.
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Alberto
1 year ago
Yeah, I agree. Non-reciprocal means without repayment.
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Roslyn
1 year ago
I think it's A, interfund reimbursement.
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Sarah
1 year ago
C'mon, it's gotta be C. Cost allocation is the only answer that doesn't scream 'repayment' to me.
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Vincenza
1 year ago
D) Both A&B
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Leonora
1 year ago
C) Cost Allocation
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Anthony
1 year ago
B) Interfund exchange
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Vallie
1 year ago
A) Interfund reimbursement
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Shawnda
1 year ago
D) Both A&B
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Corrie
1 year ago
C) Cost Allocation
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Justine
1 year ago
B) Interfund exchange
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Alonzo
1 year ago
A) Interfund reimbursement
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Stefanie
1 year ago
Hmm, you might be right. Interfund reimbursement and exchange both make sense in this context.
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Leonard
1 year ago
Hmm, this seems like a trick question. I'll go with D - both interfund reimbursement and exchange.
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Delmy
1 year ago
User2: I agree, I'll go with B.
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Han
1 year ago
User1: I think it's just interfund exchange.
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Javier
1 year ago
I disagree, I believe the answer is D) Both A&B.
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Stefanie
1 year ago
I think the answer is A) Interfund reimbursement.
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Destiny
1 year ago
Interfund transfers without repayment? Sounds like my weekend getaway plans!
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Inocencia
1 year ago
D) Both A&B
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Antione
1 year ago
C) Cost Allocation
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Justine
1 year ago
B) Interfund exchange
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Gwenn
1 year ago
A) Interfund reimbursement
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