WGU C213 Actual final Exam Questions with all Questions Accurately Answered 2024/2025
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Course
WGU C213 Accounting for Decision Makers
Institution
WGU C213 Accounting For Decision Makers
WGU C213 Actual final Exam Questions with all Questions Accurately Answered 2024/2025
Differential Costs - Correct Answer Future costs that change as a result of a decision, also called incremental or relevant costs.
Direct Costs - Correct Answer Costs that are specifically traceable to a uni...
WGU C213 Actual final Exam
Questions with all Questions
Accurately Answered 2024/2025
Differential Costs - Correct Answer Future costs that change as
a result of a decision, also called incremental or relevant costs.
Direct Costs - Correct Answer Costs that are specifically
traceable to a unit of business or segment being analyzed.
Direct Labor - Correct Answer Wages paid to those who
physically work on direct materials to transform them into a
finished product and are traceable to specific products.
Direct Materials - Correct Answer Materials that become part
of the product and are traceable to it.
Direct Method - Correct Answer reporting the information
contained in the last column of the adjustment worksheet
Disclosure - Correct Answer Convey the details in a narrative
note without ever including anything in the financial statements
themselves.
Discontinued Operations - Correct Answer Report the Hughes
results in a separate category called income from discontinued
operations.
,DuPont Framework - Correct Answer A systematic approach to
identifying general factors causing ROE to deviate from normal.
Earnings Per Share (EPS) - Correct Answer EPS tells the owner
of one share of stock what he or she really wants to know
Earnings Per Share (EPS) - Correct Answer The amount of net
income associated with each share of stock.
Economic Value Added - Correct Answer A system of earnings-
based compensation
Entity Concept - Correct Answer The idea that personal
financial activity is kept separate from business financial activity
Equity - Correct Answer Residual interest in the assets of an
entity that remains after deducting its liabilities.
External Auditors - Correct Answer Independent CPAs who are
retained by organizations to perform audits of financial
statements.
Extraordinary Items - Correct Answer Gains and losses that
result from transactions that are both unusual in nature and
infrequent in occurrence
Facility Support Activities - Correct Answer Activities necessary
to have a facility in order to participate in the development and
production of products or services, activities are not related to
any particular line of products or services.
Financial Accounting - Correct Answer The name given to
accounting information provided for and used by external users.
Financial Accounting Standards Board (FASB) - Correct Answer
Private, non-profit body that sets accounting standards in the
United States.
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