WGU D366 STUDY
GUIDE QUESTIONS
WITH ALL CORRECT
ANSWERS!!
D366
Evatee 8/10/24 D366
, WGU D366 STUDY GUIDE QUESTIONS WITH
ALL CORRECT ANSWERS!!
Balance Sheet Answer - assets, liabilities, owner's equity
Income Statement Answer - reports amount of net income earned during a
period.
Net Income Answer - excess of revenues over expenses
Statement of Cash Flow Answer - Reports amounts of cash collected and paid
out during operating, investing, and financing activities.
capital stock Answer - an owner purchased stock. also known as paid in capital
and contributed capital
retained earnings Answer - net income that has not been paid back in
dividends.
capital stock Answer - aka paid in capital or contributed capital. an owner buys
stock
accounting equation Answer - assets=liabilities+equity. can always calculate a
missing figure if you have 2 others.
GUIDE QUESTIONS
WITH ALL CORRECT
ANSWERS!!
D366
Evatee 8/10/24 D366
, WGU D366 STUDY GUIDE QUESTIONS WITH
ALL CORRECT ANSWERS!!
Balance Sheet Answer - assets, liabilities, owner's equity
Income Statement Answer - reports amount of net income earned during a
period.
Net Income Answer - excess of revenues over expenses
Statement of Cash Flow Answer - Reports amounts of cash collected and paid
out during operating, investing, and financing activities.
capital stock Answer - an owner purchased stock. also known as paid in capital
and contributed capital
retained earnings Answer - net income that has not been paid back in
dividends.
capital stock Answer - aka paid in capital or contributed capital. an owner buys
stock
accounting equation Answer - assets=liabilities+equity. can always calculate a
missing figure if you have 2 others.
