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WGU C213 Accounting for Decision Makers (2025Update) Questions And Answers Already Graded A+

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The Securities and Exchange Commission (SEC) - Answer-the organization that regulates U.S. stock exchanges and seeks to create a fair information environment in which investors can buy and sell stocks without fear that companies are hiding or manipulating financial data Sarbanes-Oxley Act - Answer-A wave of accounting scandals starting in 2001 resulted in this act, which increases U.S. federal government scrutiny of the production of financial statements. Balance Sheet - Answer-reports a ...

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WGU C213 Pre Assessment 2025 Update Questions & Answers Graded A+

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Which category on the statement of cash flows summarizes cash receipts and payments to owners and creditors of the company? - Answer-Cash flows from financing activities What will be the total impact of these services provided on the company's balance sheet other than an increase in cash of $4,000? Choose 2 answers - Answer-Accounts receivable will increase $6,000. Retained earnings will increase $10,000. What was the 2012 net profit amount if the 2013 pro-forma net profit of $187,000 ...

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WGU c213 study guide Questions and Answers Fully Solved 100%

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Current Trends changing Accounting: Globalization - Answer-As more and more business do business globally, capital flows more freely across national boundaries. This means investors can choose to invest in firms all over the planet. To help them make investment decisions, the global accounting and regulatory communities are working to bring accounting standards around the world into agreement the IASB was one step in that direction, but nations still control the accounting standards used wi...

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Accounting for decision makers C213 WGU Questions with Answers (All Answers Correct)

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Point in time, Assets (resources) and liabilities (obligations) - Answer-Balance Sheet Period of time (usually 1 year), amount of profit made - Answer-Income Statement Does the SEC have legal authority? - Answer-YES. The SEC has legal authority to establish accounting rules and disclosure requirements. Financial accounting rule per the US constitution - Answer-USA congress->SEC->FASB The SEC created the - Answer-FASB: Financial accounting standards board FASB created - Answer-GAAP (h...

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WGU C213 Internal Controls Questions with Answers (All Answers Correct)

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What are the various elements of an internal control system? - Answer-Authorization. Authorizing and approving the execution of transactions Record keeping. Recording the transactions in the accounting records Custody of assets. Having physical possession of or control over the assets involved in transactions, including operational responsibility What is earnings management? Why does it occur? - Answer-two common ways to engage in earnings management: (1) modifying operating decisions, su...

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WGU C213 Topic Five Study Guide Questions and Answers Fully Solved 100%

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why was the statement of cash flows created? - Answer-sometimes earnings fail, everything is one page, its a powerful forecasting tool sometimes earnings fail (net income) - Answer-- big loss scenario: earnings are too pessimistic (makes things look worse than they are) how to prepare a statement of cash flows when detailed cash flow information is not available? - Answer-a statement of cash flows can be prepared using knowledge of how the three primary financial statements articulate. Ope...

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WGU C213 - Accounting topic 1 Questions with Answers (All Answers Correct)

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Accounting - Answer-A system of providing "quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions." American Institute of Certified Public Accountants (AICPA) - Answer-The professional organization of certified public accountants in the United States Income Statement - Answer-This document reports the amount of net income earned by a company during a period, with annual and quarterly income statement...

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WGU C213 Accounting for Decision Makers ABCD (2025 )Latest Questions With Passed Solutions!!

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American Institute of Certified Public Accountants (AICPA) - Answer-the professional organization of certified public accountants (CPAs) in the United States Public Company Accounting Oversight Board (PCAOB) - Answer-the organization that inspects the audit practices of registered audit firms and has statutory authority to investigate questionable audit practices and to impose sanctions such as barring an audit firm from auditing SEC-registered companies information on the accounting assum...

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SonicWall SNSA Exam Latest Update 2025 Questions and Answers Fully Solved 100%

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What options are available for Preempting another administrator? - Answer-Drop from Config Mode Log out What is the default type of Authentication? - Answer-SHA1 Where should certificates be stored? - Answer-Trusted Root Certificate Authorities What is the default Single Sign On (SSO) port number? - Answer-2258 What is the default type of encryption? - Answer-3DES What is the default probing address for failover? - A What are default Security Types? - Answer-Trusted Public Wireless SS...

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