AFM exam questions & answers 2023/2024

AFM exam questions & answers
2023/2024

cash received from farm operations - ANSWER-operating activity



feeder livestock/poultry sales - ANSWER-operating activity



crops/feed - ANSWER-operating activity



livestock and poultry products - ANSWER-operating activity



custom work - ANSWER-operating activity



government payments, cash and certs - ANSWER-operating activity



patronage div. - ANSWER-operating activity



hedging account withdrawals - ANSWER-operating activity



other revenue - ANSWER-operating activity



cash received from non-farm operations - ANSWER-operating activity



wages - ANSWER-operating activity



interest , dividends - ANSWER-operating activity

, royalties - ANSWER-operating activity



cash income from other entities, farms, business, and real estate - ANSWER-operating activity



income and social security taxes paid in cash - ANSWER-operating activity



extraordinary items received or paid in cash - ANSWER-operating activity



net cash income - ANSWER-operating activity



cash withdrawal for family living - ANSWER-operating activity



cash withdrawal for investments into personal assets - ANSWER-operating activity



raised breeding and dairy livestock, not capitalized and not depreciated - ANSWER-investing activity



purchased and raised breeding and dairy livestock, capitalized and depreciated - ANSWER-investing
activity



machinery and equipment - ANSWER-investing activity



farm real estate; other farm assets - ANSWER-investing activity



bonds and securities; investments in other entities: other non-farm assets - ANSWER-investing activity



cash paid to purchase breeding and dairy livestock - ANSWER-investing activity



cash paid to purchase machinery and equipment - ANSWER-investing activity