,11/14/24, 6:15 PM WGU D196 OA AND PRE ASSESSMENT EXAM ACTUAL EXAM 2 VERSIONS WITH DETAILED VERIFIED ANSWERS (100% C…
What is the effect of a The company's accounting information will increase in
company's accounting value.
department maintaining
high ethical standards?
-The company can report
more favorable results in
its financial statements.
-The company's
accounting information
will decrease in value.
-The company can hire
fewer accountants to do
the same amount of work.
-The company's
accounting information
will increase in value.
Why might employees be Financial statement data are often used in determining
interested in their employee bonuses.
company's financial
accounting information?
-Financial statement data
are used to record long
term liabilities.
-Financial statement data
provide detailed internal
budget information.
-Financial statement data
are often used in
determining employee
bonuses.
-Financial statement data
provide item-by-item
product cost information.
, 11/14/24, 6:15 PM WGU D196 OA AND PRE ASSESSMENT EXAM ACTUAL EXAM 2 VERSIONS WITH DETAILED VERIFIED ANSWERS (100% C…
Which group establishes Financial Accounting Standards Board (FASB)
financial accounting rules
in the United States?
-Internal Revenue Service
(IRS)
-American Institute of
Certified Public
Accountants (AICPA)
-Financial Accounting
Standards Board (FASB)
-International Accounting
Standards Board (IASB)
Which report is one of the Statement of cash flows
three primary financial
statements?
-Statement of stakeholder
funds
-Statement of cash flows
-Statement of the
accounting cycle
-Statement of
management accounting
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