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WGU D196 Final Exam Prep (New 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| A Grade $10.99   Add to cart

Exam (elaborations)

WGU D196 Final Exam Prep (New 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| A Grade

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WGU D196 Final Exam Prep (New 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| A Grade

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  • August 31, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • wgu d196 oad196 fi
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WGUID196IFinalIExamIPrepI(NewI2024/I
2025IUpdate)IPrinciplesIofIFinancialIandI
ManagerialIAccounting-IQuestionsI
andIVerifiedIAnswers|I100%ICorrect|IAI
GradeI
QUESTION
IFunctionsIofItheIAccountingISystem:

Answer:
~IAnalysis
~IBookkeeping
~IEvaluation




QUESTION
IGAAP

Answer:
RulesIgoverningIfinancialIaccountantI~IGenerallyIAcceptedIPractices




QUESTION
IPublicICompanyIAccountingIOversightIBoardI(PCAOB)

Answer:
OverseesIallIaccountingIfirms

,QUESTION
IInternationalIAccountingIStandardsIBoardI(IASB)

Answer:
InternationalIGAAP




QUESTION
ITheIfourIstepsIinItheIaccountingIcycleIareIasIfollows:

Answer:
AnalyzeItransactions.

RecordItheIeffectsIofItransactions.

SummarizeItheIeffectsIofItransactions.

PrepareIreports.




QUESTION
IAssets=

Answer:
LiabilitiesI+IEquity




QUESTION
IAIcompanyIsellsIaIproductItoIaIcustomerIonIaccount.IWhichIpart(s)IofItheIaccountingIequati
onIdoesIthisIparticularItransactionIchange?


Answer:
BothIassetsIandIowners'Iequity

, QUESTION
IWhichIeventIrepresentsIaItransactionIrecordedIasIpartIofItheIfinancialIaccountingIcycle?

Answer:
TheIsaleIofIaIproductIforIcashIorIonIaccount




QUESTION
IWhatIisIanIarm's-lengthItransaction?

Answer:
AnIexchangeIbetweenItwoIindependentIparties




QUESTION
IInItheIcontextIofItheIfinancialIaccountingIcycle,IwhatIisItheIdefinitionIofIanIaccount?

Answer:
AIspecificIaccountingIrecordIthatIprovidesIanIefficientIwayItoIcategorizeIsimilarItypesIofItrans
actions




QUESTION
IWhatIisIowners'Iequity?

Answer:
TheIremainingIclaimItoItheIassetsIofIaIbusinessIafterIliabilitiesIhaveIbeenIdeducted

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