WGU C214
Arizona State University - West Campus
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WGU C214 Topic 1 Quick Check Questions/Answers Complete Solution
- Exam (elaborations) • 7 pages • 2022
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1.1 T/F: Economics is a subfield of finance - ANS-False 
1.1 Which of the following is not an example of firm capital? (Cash, machinery, labor, 
financial markets) - ANS-Financial markets 
1.1 T/F: Capital is defined as a financial asset - ANS-True 
1.1 T/F: Corporate finance is devoted to understanding various types of financial 
instruments - ANS-False - Investments is devoted to understanding various types of 
financial instruments 
1.1 Which is firm capital: Bank deposits, cash, the firm's ...
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WGU C214 OA Question and Answers Checklist | all answers provided
- Exam (elaborations) • 9 pages • 2022
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WGU C214 OA Q&A Checklist 
 
Which will be larger: accrual taxes payable or accounting income tax expense Correct Answer: Accounting tax expense will be higher; actual taxes based on IRS rules will be lower 
 
Which financial ratios measure "efficiency"? Correct Answer: Asset turnover and Fixed Asset turnover 
 
Which ratio is the best measure of a firm's ability to pay bills? Correct Answer: Quick Ratio 
 
Which decision requires using subjective estimates? Correct Answer: Economic life ...
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