WGU D102 FINANCIAL ACCOUNTING EXAM 2024.2025 WITH GUARANTEED ACCURATE ANSWERS
5 views 0 purchase
Course
WGU D102 Financial Accounting
Institution
WGU D102 Financial Accounting
What information is contained in a balance sheet? - ACCURATE ANSWERS Report of a company's financial position as of a point in time.
What is an owners' equity item?
Accounts receivable
Loans payable
Capital stock
Cash - ACCURATE ANSWERS Capital Stock
A company ended July with assets of ...
WGU D102 FINANCIAL ACCOUNTING
EXAM 2024.2025
WGU D102 FINANCIAL ACCOUNTING EXAM 2024.2025 WITH GUARANTEED
ACCURATE ANSWERS
What information is contained in a balance sheet? - ACCURATE
ANSWERS✔✔ Report of a company's financial position as of a point in
time.
What is an owners' equity item?
Accounts receivable
Loans payable
Capital stock
Cash - ACCURATE ANSWERS✔✔ Capital Stock
, A company ended July with assets of $150,000 and owner's equity of
$60,000.
What is the amount of liabilities at the end of July? - ACCURATE
ANSWERS✔✔ $90,000
What is reported in a multiple-step income statement that is not reported
in a single-step income statement? - ACCURATE ANSWERS✔✔ Gross
Profit
How is gross profit computed? - ACCURATE ANSWERS✔✔ Sales
minus cost of goods sold.
The following are some accounts from a company's financial statements:
(accounts receivable, cost of goods sold, cash, retained earnings, sales,
inventory, income tax expense, accounts payable)
Which set is a list of all of the items that are used in computing this
company's net income? - ACCURATE ANSWERS✔✔ Sales, cost of
goods sold, and income tax expense.
What cash flow category contains activities whereby cash is obtained
from or repaid to owners or creditors? - ACCURATE ANSWERS✔✔
Financing
Here are some financial statement items for the year for a company.
Cash received from customers
Cash received from the sale of land
Cash paid for dividends
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 GRADEUNITS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
