WGU Accounting for Decision Makers Question and answers correctly solved 2024

WGU Accounting for Decision Makers Question and answers correctly solved 2024 What does accounting focus on? (1.5 : Q1) - correct answer The impact a business's activities have on it's overall financial performance Which report summarizes cash collections and cash expenditures from operating, investing, and financing activities over a period of time? (1.5 : Q2) - correct answer Statement of cash flows Which users would have a primary concern with an organization's ability to provide healthcare benefits? (1.5 : Q3) - correct answer Employees Which benefit does a corporation gain by following Generally Accepted Accounting Principals (GAAP)? (1.5 : Q4) - correct answer An increase in its comparability to other companies Which body regulates a certified public accounting firm's audit practices when the firm is auditing a large publicly traded company? (1.5 : Q5) - correct answer The Public Company Accounting Oversight Board (PCAOB) What has had the most significant impact on accounting practices? (1.5 : Q6) - correct answer Information Technology What two items of information are revealed on the balance sheet? (1.2 : Q1) - correct answer Debt, Ownership