WGU d196 Study Test Questions with Correct Answers
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Course
WGU d196
Institution
WGU D196
WGU d196 Study Test Questions with Correct Answers
Securities and exchange commotion - Answer-government responsible for regulating financial reporting practices-publicly traded companies
Segment - Answer-subsection of company
Statement of Cash Flows - Answer-cash collection and paid out by ...
WGU d196 Study Test Questions
with Correct Answers
Securities and exchange commotion - Answer-government responsible for regulating
financial reporting practices-publicly traded companies
Segment - Answer-subsection of company
Statement of Cash Flows - Answer-cash collection and paid out by a company during a
period of time
Statement of retained earnings - Answer-identifies changes in accumulated investments
from day one
Stepped Costs - Answer-Costs that change in total in a stair-step fashion (in large
amounts) with changes in volume of activity.
Sunk cost - Answer-A cost that has already been incurred and that cannot be changed
by any decision made now or in the future.
Vertical analysis - Answer-reporting an amount on a financial statement as a
percentage of another item on the same financial statement
Monetary resources - Answer-money from owners n loans to buy and pay for
companies expenses
1st step in decision making progress - Answer-gather information
What are potential capital for companies - Answer-investors, creditors, retained
business earnings
General purpose financial statements - Answer-balance sheet, income statement, cash
flow
Balance Sheet - Answer-what i got & where didthey get the money to buy it-point in time
date specific-assets, liability
assets = liability + owners equity
Income Statement - Answer-how you do at what your supposed to do-period of time
year, profit made,
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