C213 accounting 2022 - Study guides, Class notes & Summaries

WGU C213 Final Exam: ACCOUNTING FOR DECISION MAKERS Questions And Answers (2022/2023) Verified Order of assets listed on the balance sheet - correct answer===Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take to covert an asset into cash. Obviously, cash would be listed first, followed by marketable investments (a company can quickly convert a short-term investment into cash). Accounts receivable would be listed next followed by inventory, and...

WGU C213 PA & OA Study Guide 2022/2023 Verified Answers. Which of the following is the most correct definition of accounting(answer) A system for providing quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions 2. What is NOT typically true of accounting information(answer) The information relates to future time periods. 3. Which is NOT a key component of the definition of accounting(answer) Qualitative ...

C213 Accounting For Decision Makers PreAssessment Test Questions & Answers (2022/2023) Verified. What does accounting focus on? Your Answer Correct Answer The impact a business's activities have on its relationships with customers The impact a business's activities have on the environment The impact a business's activities have on its public image The impact a business's activities have on its overall financial performance 2. Which report summarizes cash collections and cash expend...

WGU C213 Final Exam: ACCOUNTING FOR DECISION MAKERS Questions and Answers (2022/2023) Verified WGU C213 Final Exam: ACCOUNTING FOR DECISION MAKERS Questions and Answers (2022/2023) Verified WGU C213 Final Exam: ACCOUNTING FOR DECISION MAKERS Questions and Answers (2022/2023) Verified

WGU C213 Final Exam: ACCOUNTING FOR DECISION MAKERS Questions And Answers (2022/2023) Verified. What does accounting focus on(answer) The impact a business's activities have on its overall financial performance 2. Which report summarizes cash collections and cash expenditures from operating, investing, and financing activities over a period of time(answer) State- ment of cash flows 3. Which users would have a primary concern with an organization's ability to provide healthcare benefits(a...

WGU C213 Final Exam (verified answers 2022)Order of assets listed on the balance sheet Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take to covert an asset into cash. Obviously, cash would be listed first, followed by marketable investments (a company can quickly convert a short-term investment into cash). Accounts receivable would be listed next followed by inventory, and long-term investments, fixed assets, and intangibles. Current assets ...

1. Which of the following activities would internal auditors NOT typically perform in a large company?: Detect fraud Evaluate internal controls *Prepare the primary financial statements Assist with increasing the efficiency of operation 2. Correct Answer: $3,800 Beginning cash balance: x + $309,800 - $118,000 - $190,000 = $5,600 x = $3,800: The following financial information is available for the year 2012: Operating activities $ 309,800 Investing activities ($118,000) Financing act...