WGU C213 Object Assessment Accounting
for Decision Makers Exam (Latest 2023/
2024) |Real Questions and Verified Answers |
Grade A
QUESTION
Which of the following is NOT one of the four general types of financial statement notes?
Answer:
Supplementary information required by the Inte...
wgu c213 object assessment accounting for decision
which of the following is not one of the four gen
w
École, étude et sujet
Wgu
WGU C213/ C 213 (C213)
Tous les documents sur ce sujet (105)
4
revues
Par: wellsjasmine58 • 7 mois de cela
Don’t waste your money. Incorrect material.
Par: Dynomite3345566 • 8 mois de cela
Par: julieflo14 • 8 mois de cela
Par: irahicks70 • 10 mois de cela
Vendeur
S'abonner
ace_it
Avis reçus
Aperçu du contenu
WGU C213 Object Assessment Accounting for Decision Makers Exam (Latest 2023/ 2024 ) |Real Questions and Verified Answers | Grade A QUESTION Which of the following is NOT one of the four general types of financial statement notes? Answer: Supplementary information required by the Internal Revenue Service QUESTION Which of the following is an example of a significant accounting policy that would be explained in the notes to the financial statements? Answer: The method used to estimate depreciation on a piece of equipment QUESTION Which of the following is an example of a disclosure of information NOT recognized that would be explained in the notes to the financial statements? - Answer: The disclosure of the uncertain, potential outcome of a lawsuit QUESTION Which of the following is an example of additional information about summary totals that would be explained in the notes to the financial state - ments? Answer: The description of all the individual items that comprise notes payable QUESTION An independent audit report is usually issued by Answer: A certified public accoun - tant QUESTION In completing an audit of a company's financial statements, auditors Answer: Pro- vide some assurance that the financial statements are not misleading QUESTION The accuracy of the information contained in the financial statements is the responsibility of the Answer: Management QUESTION Which of the following are the two economic factors that enable us to trust an independent auditor despite the fact that the auditor was hired by the company being audited? Answer: Reputation of auditor and risk of lawsuits QUESTION The idea that certain figures on an operating statement help to explain changes in figures on comparative balance sheets is referred to as Answer: Articulation QUESTION The idea that information becomes more useful when it can be related to a benchmark or a standard is referred to as Answer: Comparability QUESTION The notion that when doubt exists concerning two or more reporting alternatives, users should select the alternative with the least favorable impact on reported income, assets, and liabilities is referred to as Answer: Conservatism QUESTION Whether an item is big enough that proper accounting will make a differ - ence to users of accounting information is referred to as Answer: Materiality QUESTION The notion that information will be more useful if it will impact a decision is referred to as Answer: Relevance QUESTION If a corporation has total assets of $350,000, total liabilities of $150,000, and retained earnings of $100,000, what is the amount of capital stock? Answer: $100,000 QUESTION Which of the following is generally considered to be an asset? Answer: Accounts receivable QUESTION Which of the following generally is NOT considered to be a liability? Answer: Inven - tory QUESTION Which of the following decreases owners' equity? Answer: Operations generate a loss QUESTION The total amount invested to acquire an ownership interest in a corporation is called Answer: Common Stock and Preferred Stock QUESTION Current assets usually are listed on a balance sheet in Answer: Decreasing order of liquidity
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur ace_it. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour 11,22 €. Vous n'êtes lié à rien après votre achat.
