100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
WGU C213 Topics 1-6 Quizzes 2022 (91% of Exam Competencies) $10.49   Add to cart

Exam (elaborations)

WGU C213 Topics 1-6 Quizzes 2022 (91% of Exam Competencies)

 1 view  0 purchase
  • Institution
  • Wgu

WGU C213 Topics 1-6 Quizzes 2022 (91% of Exam Competencies) WGU C213 Topics 1-6 Quizzes 2022 (91% of Exam Competencies)

Preview 4 out of 58  pages

  • November 12, 2024
  • 58
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (8)
avatar-seller
a-grade
WGU C213 Topics 1-6 Quizzes 2022 (91% of
Exam Competencies)


The emphasis in financial accounting is on which of the following external user
groups? - ANSWER Investors and creditors




The primary internal group that uses accounting information is? - ANSWER
Management




Internal reports are generally used by? - ANSWER
Management

,Which of the following is NOT an external user of financial information? -
ANSWER Management




Which of the following is NOT true of the Financial Accounting Standards Board
(FASB)? - ANSWER It is a government agency




Generally accepted accounting principles are? - ANSWER
Developed by accounting rule makers




The initials GAAP stand for? - ANSWER
Generally Accepted Accounting Principles

,The current standard-setting board for accounting in the private sector is the? -
ANSWER Financial Accounting Standards Board
(FASB)




Which of the following is the government agency that stipulates the rules and
regulations that govern the collection of taxes in the United States? -
ANSWER Internal Revenue Service




The organization that develops worldwide accounting standards is the? -
ANSWER International Accounting Standards Board
(IASB)

, Standards established by the International Accounting Standards Board are
referred to as? - ANSWER International
Financial Accounting Standards




Which of the following is NOT a service typically provided by large public
accounting firms? - ANSWER Making
management decisions




Which of the following organizations has specific legal authority to establish
accounting standards for publicly held companies? - ANSWER
Securities and Exchange Commission (SEC)




Which of the following is NOT a reason for the integration of worldwide
accounting standards? - ANSWER The
theoretical necessity of a common set of accounting standards

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller a-grade. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79202 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart