C213 on may 1 - Study guides, Class notes & Summaries

WGU C213 Missed Pre-Assessment Questions with 100% Complete Solutions Two items on a balance sheet? - Answer- ownership and debt A corporation has total liabilities of $300 million, total owners' equity of $100 million, and current assets of $50 million. What is the value of the firm's long-term assets? - Answer- 350 million (take out owners equity) Which category on the statement of cash flows summarizes cash receipts and payments to owners and creditors of the company? - Answer- Cash ...

C213 Test questions with 100% Correct Answers Financial statement analysis - Answer- Involves relationships and trends Analyzing financial statements, prognosis is - Answer- Prediction of how a business will perform in the future External users of financial statements use financial statement analysis for - Answer- Investing decisions Purpose of financial statement analysis - Answer- Diagnosis and Prognosis Liquidity - Answer- Ability a company has to pay its debts in the short run Asset ...

WGU C213 Missed Pre-Assessment Questions with 100% Complete Solutions Two items on a balance sheet? - Answer- ownership and debt A corporation has total liabilities of $300 million, total owners' equity of $100 million, and current assets of $50 million. What is the value of the firm's long-term assets? - Answer- 350 million (take out owners equity) Which category on the statement of cash flows summarizes cash receipts and payments to owners and creditors of the company? - Answer- Cash ...

WGU C213 Accounting For Decision Makers ABCD (Questions And Answers) 2023 Accounting - Correct Answer-the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status Bookkeeping - Correct Answer-the preservation of a systematic, quantitative record of an activity accounting system - Correct Answer-used by a business to handle routine bookkeeping tasks and to structure the inf...

WGU C213 Topics 1-6 Quizzes 2024(51% of Exam Competencies) with 100% Complete Solutions The emphasis in financial accounting is on which of the following external user groups? - Answer- Investors and creditors The primary internal group that uses accounting information is? - Answer- Management Internal reports are generally used by? - Answer- Management Which of the following is NOT an external user of financial information? - Answer- Management Which of the following is NOT true of the...

C213 Test questions_ Well Updated with the Correct Answers 100% A+ Graded Financial statement analysis - ANS-Involves relationships and trends Analyzing financial statements, prognosis is - ANS-Prediction of how a business will perform in the future External users of financial statements use financial statement analysis for - ANS-Investing decisions Purpose of financial statement analysis - ANS-Diagnosis and Prognosis Liquidity - ANS-Ability a company has to pay its debts in the s...

WGU C213. PREASSESSMENT:ACCOUNTI NG FOR DECISION MAKERSPVAC (Image) What do total revenues equal at the break-even point? - $4,500 (Image) Which statement is true with respect to the point on this graph when sales are at 150 units per month? - Total costs equal $3,500. A company budgeted the following purchases for raw materials: Month January February March April May June July Budget $10,000 $20,000 $25,000 $22,000 $27,000 $30,000 $24,000 The company has a policy of paying for 40% ...

Accounting for Decision Makers C213 Pre-Test 1. What does accounting focus on? a. The impact a business’s activities have on its public image b. The impact a business’s activities have on the environment c. The impact a business’s activities have on its overall financial performance d. The impact a business’s activities have on its relationships with customers 2. Which report summarizes cash collections and cash expenditures from operating, investing, and financing activities o...

WGU C213. PREASSESSMENT:ACCOUNTI NG FOR DECISION MAKERSPVAC (Image) What do total revenues equal at the break-even point? - $4,500 (Image) Which statement is true with respect to the point on this graph when sales are at 150 units per month? - Total costs equal $3,500. A company budgeted the following purchases for raw materials: Month January February March April May June July Budget $10,000 $20,000 $25,000 $22,000 $27,000 $30,000 $24,000 The company has a policy of paying for 40% ...

C213 Accounting Review Questions & Answers 1. What is IASB? a. International Accounting Standards Board (based in London). 2. What does the IASB do? a. Create and regulate the accounting rules around the world (except US). 3. Who creates and regulates the accounting rules for the US? a. Financial Accounting Standards Board (FASB) *(based in NY) 4. How does management accounting differ from financial accounting? a. Management accounting is used primarily for internal planning, control...