WGU C213 ACCOUNTING FOR DECISION MAKERS FINAL EXAM, OA & PRE-ASSESSMENT EXAM QUESTIONS AND VERIFIED ANSWERS WITH SOLUTIONS PACKAGE DEAL 2025

1. What does accounting focus on? O The impact a business's activities have on its public image O The impact a business's activities have on its relationship with customers O The impact a business's activities have on the environment O The impact a business's activities have on its ...

Which of the following is NOT true of the Financial Accounting Standards Board (FASB)? - It is a government agency THEY DO: It consists of seven full-time members It seeks consistency for its proposed standards It has no legal power to enforce the standards it sets Generally accepted accountin...

The ability a company has to pay its debts in the short run is its Liquidity Which of the following is a measure of the liquid position of a corporation? Debt ratio Which of the following ratios is used to measure a firm's leverage? Debt Ratio Which of the following ratios is used to measu...

Order of assets listed on the balance sheet Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take to covert an asset into cash. Obviously, cash would be listed first, followed by marketable investments (a company can quickly convert a short-term inves...

Accounting steps. - 1. Prepare 2. Analyze 3. Gather 4. Make decisions 5. Implement 6. Observe. Managerial info is inside or outside the business? - Inside, Internal True or false, managerial accounting uses BOTH managerial and financial accounting? - True. Financial accounting is only outside. ...

Accounting - 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 - the preservation of a systematic, quantitative record of an activity accounting system - ...

Which of the following is NOT true of the Financial Accounting Standards Board (FASB)? - It is a government agency THEY DO: It consists of seven full-time members It seeks consistency for its proposed standards It has no legal power to enforce the standards it sets Generally accepted accountin...

The emphasis in financial accounting is on which of the following external user groups? Educators CPA's Investors and Creditors Management - Investors and creditors The primary internal group that uses accounting information is: Investors Competitors Government Agencies Management - Man...

Accounting - Systematic recording of financial transactions. Decision Makers - Individuals using accounting information for decisions. Western Governors University - An online university offering flexible education. Studocu - Platform for sharing academic resources. Pre Assessment - Evaluation...