100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
LATEST WGU PRINCIPLES OF ACCOUNTING VYC QUESTIONS WITH 100% CORRECT ANSWERS $15.49
In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. WGU PRINCIPLES OF ACCOUNTING VYC1
  4.  
  5. WGU PRINCIPLES OF ACCOUNTING VYC1

Tentamen (uitwerkingen)

LATEST WGU PRINCIPLES OF ACCOUNTING VYC QUESTIONS WITH 100% CORRECT ANSWERS
 0 keer verkocht
  • Vak
  • WGU PRINCIPLES OF ACCOUNTING VYC1
  • Instelling
  • WGU PRINCIPLES OF ACCOUNTING VYC1

What is an example of recurring income? - CORRECT ANSWER bank account interest Recurring revenue is the portion of a company's revenue that is highly likely to continue in the future. Recurring revenue is revenue that is predictable, stable and can be counted on in the future with a high ...

[Meer zien]

Voorbeeld 4 van de 45  pagina's

Document informatie

  • 10 augustus 2024
  • 45
  • 2024/2025
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • latest wgu principles of accounting vyc
  • wgu principles of accounting vyc1
  • principles of accounting vyc1
  • latest wgu principles of accounting vyc
  • latest wgu principles of accounting vyc

Geschreven voor

  • WGU PRINCIPLES OF ACCOUNTING VYC1
  • WGU PRINCIPLES OF ACCOUNTING VYC1

Verkoper

avatar-seller
Courseinstructor

Ontvangen beoordelingen

Voorbeeld van de inhoud

LATEST WGU PRINCIPLES OF ACCOUNTING
VYC1 2024-2025 QUESTIONS WITH 100%
CORRECT ANSWERS
What is an example of recurring income? - CORRECT ANSWER bank account
interest



Recurring revenue is the portion of a company's revenue that is highly likely to continue
in the future. Recurring revenue is revenue that is predictable, stable and can be
counted on in the future with a high degree of certainty.



What should be considered when deciding on a time period for a budget? - CORRECT
ANSWER Amount of financial activity



What should be included in a short-term budget? - CORRECT ANSWER Monthly
water bill expenses



Which item is a living expense? - CORRECT ANSWER Health care premiums



other ex: housing, food, taxes



What is an example of a macro factor in planning a budget? - CORRECT ANSWER
Interest rates



Jim made a budget and tracked his expenses in the month of June.



Expected Actual

,LATEST WGU PRINCIPLES OF ACCOUNTING
VYC1 2024-2025 QUESTIONS WITH 100%
CORRECT ANSWERS
Rent $1,200 $1,200

Gas and Travel $150 $220

Groceries $400 $310

Eating out $100 $180 Savings contrib $40 $40



What can Jim do in July to make his expected budget align more closely with his actual
budget? - CORRECT ANSWER Eat at restaurants less, and get more groceries to
cook at home.



Marcus collected this data in his budget for the month of March:



Cash from handyman work $70

Paycheck income $1,500

Rent and bills -$800

Purchase of lawnmower -$150

Total income $1570

Total Expenses -$950



Which description matches Marcus' March budget? - CORRECT ANSWER He ran a
surplus of $620.

,LATEST WGU PRINCIPLES OF ACCOUNTING
VYC1 2024-2025 QUESTIONS WITH 100%
CORRECT ANSWERS
Why is financial accounting information valuable to consumers? - CORRECT ANSWER
External users can evaluate the financial health of a business.



How would a bank use financial accounting information? - CORRECT ANSWER To
approve lines of credit



What information does a balance sheet show? - CORRECT ANSWER Financial
position of a business at a specific date



Which group should make use of financial accounting information when determining
whether to open an additional store location? - CORRECT ANSWER Owners and
managers



Which organization is focused on developing generally accepted accounting principles
(GAAP) within the United States? - CORRECT ANSWER Financial Accounting
Standards Board (FASB)



How would an employee labor union use financial accounting information? - CORRECT
ANSWER To determine ability to pay an increase in wages



Which statement is a financial accounting statement? - CORRECT ANSWER Income
statement

, LATEST WGU PRINCIPLES OF ACCOUNTING
VYC1 2024-2025 QUESTIONS WITH 100%
CORRECT ANSWERS
When considering accounting journal entries and the preparation of financial statements,
debits will increase ____. - CORRECT ANSWER Liabilities and revenues



What is a benefit of adopting a single set of international accounting standards? -
CORRECT ANSWER More uniform financial reporting among international companies



What is a drawback of the United States using International Financial Reporting
Standards (IFRS)? - CORRECT ANSWER It would cost U.S. companies time and
money in the short term to adopt.



What must an accountant record when journalizing a transaction? - CORRECT ANSWER
Description of the transaction



What does double-entry accounting refer to? - CORRECT ANSWER Recording equal
debits and credits for each transaction



What are the key components of every double-entry accounting record? - CORRECT
ANSWER At least one debit entry and at least one credit entry



What is a characteristic of an asset account? - CORRECT ANSWER Increases with a
debit

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, Bancontact of creditcard en je bent klaar. Geen abonnement nodig.

Focus op de essentie

Focus op de essentie

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Courseinstructor. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor $15.49. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 63950 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Start met verkopen

Laatst bekeken door jou

Tentamen (uitwerkingen) ·

(0)

NSG 6005 Week 2 | NSG6005 Module 2 Quiz bank Fall 2019 – South University Savannah ( A Grade)

Tentamen (uitwerkingen) ·

(0)

ENG3701 Assignment 1 (COMPLETE ANSWERS) Semester 2 2023 (800448) - DUE 30 August 2023

Tentamen (uitwerkingen) ·

(0)

NSG 561-Sophia Hadded Focused Exam- Pediatric GAS Pharyngitis-Completed Shadow Health.

Voordeelbundel ·

(0)

CAT, Critically Appraised Topic, Diagnostiek, Prognostiek en Effect Fysiotherapie

Tentamen (uitwerkingen) ·

(0)

HKIN 191 Midterm #1 Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed

Tentamen (uitwerkingen) ·

(0)

Lord of the Flies English Final Exam| latest with correct questions and answers 2023/24

College aantekeningen ·

(2)

Nederlandse Samenvatting Clips Wetenschapsfilosofie: Philosophy of the Humanities

Samenvatting ·

(1)

Samenvatting biologie voor jou 2-3 havo/vwo hoofdstuk 6 - ecologie en duurzaamheid

Tentamen (uitwerkingen) ·

(0)

NURS 612 Advanced Health Assessment Exam 2 Question and answers correctly solved 2024

$15.49
  • (0)
In winkelwagen
Toegevoegd