Wgu c214 concepts only - Study guides, Class notes & Summaries

WGU C214 ConCepts only MUlti ChoiCe Version exaM

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Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) - False Stocks and bonds are two types of financial instruments (T/F) - True The matching principle in accrual accounting requires that: - Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. A basic equation for the balance sheet is: - Equity = Assets - Liabilities Why is the Balance Sheet known as a permanent statement? - Because the other statements ar...

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Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) - CORRECT ANSWER-F Stocks and bonds are two types of financial instruments (T/F) - CORRECT ANSWER-T The matching principle in accrual accounting requires that: a. Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. b. Expenses are matched to the year in which they are incurred c. Revenues are matched to the year in which they are booked d. Revenues shou...

Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) correct answersF Stocks and bonds are two types of financial instruments (T/F) correct answersT The matching principle in accrual accounting requires that: a. Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. b. Expenses are matched to the year in which they are incurred c. Revenues are matched to the year in which they are booked d. Revenues should...

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The SEC Securities & Exchange Commission requires public companies to do the following: a. File audited financial statements with SEC b. Change CEOs on a regular basis e. Regulates the Money Supply d. Prohibits foreign bribery a What does the Sarbanes-Oxley Act require companies to do? a. Have a board of directors b. Register all foreign sales c. Make estimated tax payments d. Have internal control audits d If a company produces and sells a product only in the U.S., what international developmen...

WGU C214 ConCepts only MUlti ChoiCe Version exaM

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