Wgu d102 pre assesment - Study guides, Class notes & Summaries
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wgu d102 pre assesment Test with all Answers Correct
- Exam (elaborations) • 22 pages • 2023
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. wgu d102 pre assesment Test with all Answers Correct 
What information is contained in a balance sheet? 
 
 
What is an owners' equity item? 
 
 
A company ended July with assets of $150,000 and owner's equity of $60,000. 
What is the amount of liabilities at the end of July? 
 
 
What is reported in a multiple-step income statement that is not reported in a single-step income statement? 
 
 
How is gross profit computed? 
 
 
The following are some accounts from a company's financial state...
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wgu d102 pre assesment Questions And Answers
- Exam (elaborations) • 16 pages • 2023
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What information is contained in a balance sheet? 
 
Report of a company's financial position during a period of time. 
Report of a company's operating performance as of a point in time. 
Report of a company's financial position as of a point in time. 
Report of a company's operating performance during a period of time. - Answer- Report of a company's financial position as of a point in time. 
 
What is an owners' equity item? 
 
Loans payable 
Accounts receivable 
Capital stock 
Cash - An...
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