WGU C213 Accounting for Decision Makers PVAC fully solved 2024/2025

WGU C213 Accounting for Decision Makers PVACWhat does accounting focus on? - correct answer The impact a business's activities have on it's overall financial performance Which report summarizes cash collections and cash expenditures from operating, investing, and financing activities over a period of time? - correct answer Statement of cash flows Which users would have a primary concern with an organization's ability to provide healthcare benefits? - correct answer Employees Which benefit does a corporation gain by following Generally Accepted Accounting Principals (GAAP)? - correct answer An increase in its comparability to other companies Which body regulates a certified public accounting firm's audit practices when the firm is auditing a large publicly traded company? - correct answer The FASB What has had the most significant impact on accounting practices? - correct answer Information Technology What two items of information are revealed on the balance sheet? - correct answer Debt, Ownership Which term is defined as the residual interest in the net assets of a company? - correct answer Owner's equity