- | P a g e
2025 NAB CORE FINAL EXAM LATEST 2025
REAL EXAM COMPLETE 200 QUESTIONS AND
CORRECT DETAILS (VERIFIED ANSWERS)
|ALREADY GRADED A+
Which type of financial statement is derived from analysis of other statements and has more detail on financial activity?
- Profit and loss
- Cash flow
- Changes in financial position
- Retained earnings - ANSWER-1. Profit and loss
Most often a third-party payer, such as a Medicaid or a long- term insurer, will negotiate a lower rate for services rendered.The difference of funds that is uncollectables between the full charges and the amount that is actually paid by a third party
payer is called:
- expense allowances
- deductions from revenue
- contractual allowances 1 / 4
- | P a g e
- revenue write-off - ANSWER-3. contractual allowances
If overall revenue declines and census remains stable, an
important financial area to review would be:
- balance depreciation
- asset allocation
- ancillary revenue
- interest income revenue - ANSWER-3. ancillary revenue
A healthcare organization has just purchased equipment for a total cost of $15,000. The equipment has a useful life of five years and the administrator is planning to charge a depreciation expense of $3,000 per year. Which depreciation method is being used?
- Sum of the years' digits depreciation
- Declining balance depreciation
- Straight-line depreciation
- Accelerated depreciation - ANSWER-3. Straight-line
depreciation
Utilizing the FIFO inventory method, which supply would be used last? 2 / 4
- | P a g e
Supply A 12/1/2016 Supply B 12/20/2016 Supply C 1/4/2017 Supply D 2/3/2017
- Supply A
- Supply B
- Supply C
- Supply D - ANSWER-1. Supply A
Which of the following best describes a primary difference between a not-forprofit and a for-profit organization?
- A for-profit organization may distribute profits to its
- A for-profit organization receives pledges as part of its
- A not-for-profit organization may pay bonuses out of its
- A not-for-profit organization need not record charitable
shareholders
revenue base
profits
contributions - ANSWER-1. A for-profit organization may distribute profits to its shareholders
The LIFO and FIFO methods of inventory costing both accounts for the effects of which of the following factors on the price of inventory? 3 / 4
- | P a g e
- Salvage value
- Depreciation.
- Supply and demand
- Inflation and deflation - ANSWER-2. Depreciation.
The operating performance for a specific span of time is
measured by the:
- operating budget
- balance sheet
- statement of financial condition
- income statement - ANSWER-4. income statement
An employee who believes that he or she has been discriminated against according to the Americans with Disabilities Act (ADA)
must file a complaint with the:
- Social Security Administration (SSA)
- National Labor Relations Board (NLRB)
- Occupational Safety and Health Administration (OSHA)
- Equal Employment Opportunity Commission (EEOC) -
- / 4
ANSWER-4. Equal Employment Opportunity Commission (EEOC)