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WGU D196 Final Exam Prep (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| Grade A $10.99
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WGU D196 Final Exam Prep (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| Grade A

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WGU D196 Final Exam Prep (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| Grade A Q: Which type of account is retained earnings? Answer: Equity Q: For purposes of cash flow classification in the statement of ...

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  • August 2, 2024
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WGUID196IFinalIExamIPrepI(LatestI2024/I
2025IUpdate)IPrinciples IofIFinancial IandI Managerial IAccounting -IQuestions IandI VerifiedIAnswers| I100%ICorrect|IGradeIA Q:IWhichItypeIofIaccountIisIretainedIearnings? Answer: Equity Q:IForIpurposesIofIcashIflowIclassification IinItheIstatementIofIcashIflows,IwhichIitemIisIanI
operatingIactivity? Answer: PayingIEmployees Q:IHowIdoesIaIclassifiedIbalanceIsheetIprovideIusefulIinformation ItoIaIdecisionImaker? Answer: ItIdistinguishes IbetweenIcurrentIandIlong-termIassets Q:IWhatIinformation IdoesIaIbalanceIsheetIprovideItoIaIdecisionImaker? Answer: SummaryIofItheIfinancialIpositionIofIaIcompanyIatIaIparticularIdate Q:IWhatIisIanIaccountIpayable? Answer: TheIamountIowedIbyIaIcompanyIthatIpurchasedIgoodsIorIservicesIfromIaIsupplierIonIcredit Q:IWhyIisItheInetIcashIforIDecemberInegativeIwhileItotalIsalesIforIDecemberIareItheIhighes
tIoutIofItheImonthsIfromIOctoberIthroughIDecember? Answer: TotalIcashIavailableIdoesInotIreflectIDecemberIsalesIbecauseIthereIwasIaIhighIvolumeIofIcredi
tIsales. Q:IManagerial IAccounting Answer: focusesIonItheIinformation IneededIforIplanning,Iimplementing Iplans,IandIcontrolling Icosts.IFo
rIInternalIdecisions Q:IFinancialIAccounting Answer: concernedIwithIreportingIfinancialIinformation ItoIexternalIparties,IsuchIasIstockholders, Icredit
ors,IandIregulators Q:IWhatIisIlookedIatIinIManagerial IAccounting? Answer: ~ProductICosts ~Breakeven IAnalysis ~Budgeting I ~Performance IEvaluation ~Outsource IProduction Q:IWhatIisIlookedIatIinIFinancialIAccounting? Answer: ~CreditIAnalysis ~Regulatory IUses ~EstimateItheIValueIofItheICompany Q:IBalanceISheet Answer: ~IListIasIofIaIpointIinItime ~IResources/ IAssets ~IObligations I/ILiabilities Q:IIncomeIStatement Answer: ~IForIaIperiodIofItimeI(suchIasIaIyear) ~IHowImuchIprofitIdidIweImake? Q:IStatementICashIFlows Answer: ~IForIaIperiodIofItimeI(suchIasIaIyear) ~IWhereIdidIourIcashIcomeIfrom?IWhereIdidIitIgo?

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