WGU C214 FINANCIAL ANAGEMENT OA STUDY EXAM QUESTIONS AND VERIFIED SOLUTIONS 2024 GRADED A+. 2 / 14 1. Trading on the NYSE is executed without a specialist (i.e. a market maker). True or False?: False 2. Stocks and Bonds are two types of financial instruments.True or False?: - True 3. When revenue i...
WGU C214 FINANCIAL ANAGEMENT OA STUDY
EXAM QUESTIONS AND VERIFIED SOLUTIONS 2024
GRADED A+
, WGU C214 FINANCIAL ANAGEMENT OA STUDY
EXAM QUESTIONS AND VERIFIED SOLUTIONS 2024
GRADED A+
Trading on the NYSE is executed without a specialist (i.e. a market maker). True
or False? Correct Answer: False
Stocks and Bonds are two types of financial instruments. True or False? Correct
Answer: True
When revenue is matched with cost of sales in an Income statement it is called?
Correct Answer: Matching principle
Why is the balance sheet known as the permanent statement? Correct Answer:
Because the other statements are reset at the end of the fiscal year.
How do you calculate the change in retained earnings? Correct Answer: Net
income-dividends
Sales - Cost of Sales - other expenses = Correct Answer: Operating Income or
EBiT
Name four accounts that are part of total assets? Correct Answer: Cash, Accounts
receivable, inventory, long term assets
Name three accounts that are part of total liabilities? Correct Answer: Bonds,
accounts payable and mortgage
Name four accounts that are part of current assets? Correct Answer: Inventory,
cash, accounts receivable and short term investments.
Name three accounts that are only included in cash flow from financing? Correct
Answer: Common stock, dividends paid and bonds payable
Define the statement of cash flows? Correct Answer: Calculated for the same
period of time as the incomes statement is calculated based on the income
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