LATEST WGU C213 ACCOUNTING FOR DECISION MAKERS QUESTIONS WITH 100% CORRECT ANSWERS
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Course
WGU C213 ACCOUNTING FOR DECISION MAKERS
Institution
WGU C213 ACCOUNTING FOR DECISION MAKERS
Accounting - CORRECT ANSWER the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status
Bookkeeping - CORRECT ANSWER the preservation of a systematic, quantitative ...
LATEST WGU C213 ACCOUNTING FOR
DECISION MAKERS 2024-2025 QUESTIONS
WITH 100% CORRECT ANSWERS
Accounting - CORRECT ANSWER the recording of the day-to-day financial activities
of a company and the organization of that information into summary reports used to
evaluate the company's financial status
Bookkeeping - CORRECT ANSWER the preservation of a systematic, quantitative
record of an activity
accounting system - CORRECT ANSWER used by a business to handle routine
bookkeeping tasks and to structure the information so it can be used to evaluate the
performance and financial status of the business
Accounting information - CORRECT ANSWER Info that is intended to be useful in
making decisions about the future.
The balance sheet, the income statement, and the statement of cashflows - CORRECT
ANSWER What are the three primary financial statements?
External Users - CORRECT ANSWER Who is financial accounting information
primarily prepared for and used by?
Managerial Accounting - CORRECT ANSWER the name given to accounting systems
designed for internal users
, LATEST WGU C213 ACCOUNTING FOR
DECISION MAKERS 2024-2025 QUESTIONS
WITH 100% CORRECT ANSWERS
Balance Sheet - CORRECT ANSWER Reports a company's assets, liabilities, and
owners' equity
Income Statement - CORRECT ANSWER reports the amount of net income earned
by a company during a period
Net income - CORRECT ANSWER the excess of a company's revenues over its
expenses
statement of cash flows - CORRECT ANSWER reports the amount of cash collected
and paid out by a company in the following three types of activities: operating,
investing, and financing
FASB - CORRECT ANSWER Which private body establishes accounting rules in the
U.S.?
Financial Accounting Standards Board (FASB) - CORRECT ANSWER a private body
established and supported by the joint efforts of the U.S. business community, financial
analysts, and practicing accountants
The Securities and Exchange Commission (SEC) - CORRECT ANSWER the
organization that regulates U.S. stock exchanges and seeks to create a fair information
environment in which investors can buy and sell stocks without fear that companies are
hiding or manipulating financial data
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