100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
wgu d102 financial accounting unit 2 Exam – questions with Accurate Answers $8.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Wgu D102 Financial Accounting Unit 2
  4.  
  5. Wgu d102 financial accounting unit 2

Exam (elaborations)

wgu d102 financial accounting unit 2 Exam – questions with Accurate Answers
 10 views  0 purchase
  • Course
  • Wgu d102 financial accounting unit 2
  • Institution
  • Wgu D102 Financial Accounting Unit 2

wgu d102 financial accounting unit 2 Exam – questions with Accurate Answers

Preview 1 out of 3  pages

Document information

  • October 9, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wgu d102 financial accounting unit 2 exam questi

Written for

  • Wgu d102 financial accounting unit 2
  • Wgu d102 financial accounting unit 2

Seller

avatar-seller
Nursephil2023

Reviews received

Content preview

wgu d102 financial accounting unit 2
Exam – questions with Accurate Answers
balance sheet - -a listing of an organization's assets and of its liabilities at a
certain time

- A=L+OE - -Assets = Liabilities + Owner's Equity

- assets - -economic resources that are owned or controlled by a company

- liabilities - -the economic obligations of a company, composed primarily of
the money or services that the company owes to its creditors

- owner's equity - -the residual interest in the assets that remain of an
entity after its liabilities have been deducted

- stockholders - -those who own a corporation by owning shares of stock in
that corporation: also called shareholders

- stockholders' equity - -a term sometimes used to describe the owners'
equity section of a corporate balance sheet; the difference between assets
and liabilities in a corporation

- dividends - -payments made by a company to owners of the company's
stock

- current assets - -cash, accounts receivable, and inventory

- long-term investments - -those assets that you expect to still be around
next year when you prepare the balance sheet again

- property, plant, and equipment(PPE) - -land, buildings, machinery, tools,
furniture, fixtures, and vehicles used by a company in conducting its
business activities

- accumulated depreciation - -reflects the wear and tear, or depreciation, of
items since they were originally purchased

- current liabilites - -those obligations expected to be paid within one year,
the most common being accounts payable

- additional paid-in capital - -capital invested by stockholders that exceeds
the par value of the issued shares

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 Nursephil2023. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $8.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84866 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
$8.49
  • (0)
  Add to cart