WGU C214 Pre Assement (WGUC214)

Stocks and bonds are two types of financial instruments (T/F) - Answer True The matching principle in accrual accounting requires that: a. Revenues be recognized when the earnings process is complete and matches expenses to revenues recognized. b. Expenses are matched to the year in which they are incurred c. Revenues are matched to the year in which they are booked d. Revenues should be large enough to match expenses - Answer a A high-quality customer just purchased $500,000 worth of pro...

WGU C214 Pre-Assement Questions And Answers Rated A+ Verified 2023. What is one of the two basic types of financial instruments? Correct Answer: Bonds If a company outsources the manufacturing of its products to a foreign country, what are the likeliest outcomes? Correct Answer: Consumer prices will decrease and Domestic employment will decrease. What is true about the content and structure of a balance sheet? Correct Answer: It reports the assets, liabilities, and equity at a point in t...