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WGU C213 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
WGU C213 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
- Package deal
- • 8 items •
- WGU C213 PA & OA Study Guide 2024 with Complete Solutions • Exam (elaborations)
- WGU C213 Missed Pre-Assessment Questions with 100% Complete Solutions • Exam (elaborations)
- Accounting For Decision Makers - WGU C213 - Test Prep Questions and Answers | 100% Verified • Exam (elaborations)
- C213 Accounting for Decision Makers-2 WGU 2024 Questions and Answers 100% Pass • Exam (elaborations)
- WGU MBA Program C213 Accounting Exam Questions and Answers 100% Pass • Exam (elaborations)
- And more ….
WGU C213 Bundled Exams Questions and Answers 100% Verified and Updated 2024 | Graded A
Accounting for Decision Makers - C213 Pre-Assessment Questions with Answers
Accounting for Decision Makers - C213 Pre-Assessment 
Questions with 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 
What is NOT typically true of accounting information? - Answer- The information relates 
to future time periods. 
Which is NOT a key component of the definition of accounting? -...
- Exam (elaborations)
- • 24 pages •
Accounting for Decision Makers - C213 Pre-Assessment 
Questions with 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 
What is NOT typically true of accounting information? - Answer- The information relates 
to future time periods. 
Which is NOT a key component of the definition of accounting? -...
WGU C213 Pre-assessment (Accounting) 2024 Questions and Answers 100% Pass
WGU C213 Pre-assessment (Accounting) 2024 
Questions and Answers 100% Pass 
What does accounting focus on? 
- 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. - Answer- 
The impact a business's activities on its overall financial performance. 
Which report sum...
- Exam (elaborations)
- • 23 pages •
WGU C213 Pre-assessment (Accounting) 2024 
Questions and Answers 100% Pass 
What does accounting focus on? 
- 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. - Answer- 
The impact a business's activities on its overall financial performance. 
Which report sum...
WGU C213 Topics 1-6 Quizzes 2024(51% of Exam Competencies) with 100% Complete Solutions
WGU C213 Topics 1-6 Quizzes 2024(51% 
of Exam Competencies) with 100% 
Complete Solutions 
The emphasis in financial accounting is on which of the following external user groups? 
- Answer- Investors and creditors 
The primary internal group that uses accounting information is? - Answer- Management 
Internal reports are generally used by? - Answer- Management 
Which of the following is NOT an external user of financial information? - Answer- 
Management 
Which of the following is NOT true of the...
- Exam (elaborations)
- • 31 pages •
WGU C213 Topics 1-6 Quizzes 2024(51% 
of Exam Competencies) with 100% 
Complete Solutions 
The emphasis in financial accounting is on which of the following external user groups? 
- Answer- Investors and creditors 
The primary internal group that uses accounting information is? - Answer- Management 
Internal reports are generally used by? - Answer- Management 
Which of the following is NOT an external user of financial information? - Answer- 
Management 
Which of the following is NOT true of the...
WGU C213 Accounting for Decision Makers - Important Terms Questions and Answers 100% Correct
WGU C213 Accounting for Decision Makers - Important 
Terms Questions and Answers 100% Correct 
A statement of financial position shows the financial resources the company owns or 
controls and the claims on those resources. - Answer- Balance Sheet 
Assets = Liabilities + Equity - Answer- Accounting Equation 
Assets, Liabilities and Equity - Answer- Balance Sheet Contains? 
The portion of the balance sheet that represents the capital received from investors in 
exchange for stock (paid in capital...
- Package deal
- Exam (elaborations)
- • 10 pages •
WGU C213 Accounting for Decision Makers - Important 
Terms Questions and Answers 100% Correct 
A statement of financial position shows the financial resources the company owns or 
controls and the claims on those resources. - Answer- Balance Sheet 
Assets = Liabilities + Equity - Answer- Accounting Equation 
Assets, Liabilities and Equity - Answer- Balance Sheet Contains? 
The portion of the balance sheet that represents the capital received from investors in 
exchange for stock (paid in capital...
C213 Test questions with 100% Correct Answers
C213 Test questions with 100% Correct Answers 
Financial statement analysis - Answer- Involves relationships and trends 
Analyzing financial statements, prognosis is - Answer- Prediction of how a business will 
perform in the future 
External users of financial statements use financial statement analysis for - Answer- 
Investing decisions 
Purpose of financial statement analysis - Answer- Diagnosis and Prognosis 
Liquidity - Answer- Ability a company has to pay its debts in the short run 
Asset ...
- Package deal
- Exam (elaborations)
- • 22 pages •
C213 Test questions with 100% Correct Answers 
Financial statement analysis - Answer- Involves relationships and trends 
Analyzing financial statements, prognosis is - Answer- Prediction of how a business will 
perform in the future 
External users of financial statements use financial statement analysis for - Answer- 
Investing decisions 
Purpose of financial statement analysis - Answer- Diagnosis and Prognosis 
Liquidity - Answer- Ability a company has to pay its debts in the short run 
Asset ...
Accounting for decision makers C213 WGU Exam Questions and Answers 100% Pass
Accounting for decision makers C213 WGU Exam 
Questions and Answers 100% Pass 
1. Prepare 2. Analyze 3. Gather 4. Make decisions 5. Implement 6. Observe. - Answer- 
Accounting steps. 
Inside, Internal - Answer- Managerial info is inside or outside the business? 
True. Financial accounting is only outside. Managerial accounting can be inside AND 
outside. - Answer- True or false, managerial accounting uses BOTH managerial and 
financial accounting? 
Outside, External, includes lenders and investo...
- Package deal
- Exam (elaborations)
- • 51 pages •
Accounting for decision makers C213 WGU Exam 
Questions and Answers 100% Pass 
1. Prepare 2. Analyze 3. Gather 4. Make decisions 5. Implement 6. Observe. - Answer- 
Accounting steps. 
Inside, Internal - Answer- Managerial info is inside or outside the business? 
True. Financial accounting is only outside. Managerial accounting can be inside AND 
outside. - Answer- True or false, managerial accounting uses BOTH managerial and 
financial accounting? 
Outside, External, includes lenders and investo...
WGU MBA Program C213 Accounting Exam Questions and Answers 100% Pass
WGU MBA Program C213 Accounting Exam 
Questions and Answers 100% Pass 
Accounting - Answer- Recording of day-to-day financial activities of a company and the 
organization of that information into summary reports used to evaluate the companies 
financial status. 
Three primary financial statements in financial accounting - Answer- 1) The Balance 
Sheet 
2) The Income Statement 
3) The Statement of Cash Flows 
Balance Sheet - Answer- A financial statement that reports assets, liabilities, and 
ow...
- Package deal
- Exam (elaborations)
- • 6 pages •
WGU MBA Program C213 Accounting Exam 
Questions and Answers 100% Pass 
Accounting - Answer- Recording of day-to-day financial activities of a company and the 
organization of that information into summary reports used to evaluate the companies 
financial status. 
Three primary financial statements in financial accounting - Answer- 1) The Balance 
Sheet 
2) The Income Statement 
3) The Statement of Cash Flows 
Balance Sheet - Answer- A financial statement that reports assets, liabilities, and 
ow...
C213 Accounting for Decision Makers-2 WGU 2024 Questions and Answers 100% Pass
C213 Accounting for Decision Makers-2 WGU 2024 
Questions and Answers 100% Pass 
Understanding of a business increases as one associates the individual asset, liability, 
and equity accounts with the underlying business activities that give rise to them. T/F - 
Answer- True 
Assets and liabilities are generally classified as _______________ or _________ 
__________. - Answer- current or long term. 
Current Asset - Answer- one that is expected to be used within one year of the balance 
sheet date...
- Package deal
- Exam (elaborations)
- • 21 pages •
C213 Accounting for Decision Makers-2 WGU 2024 
Questions and Answers 100% Pass 
Understanding of a business increases as one associates the individual asset, liability, 
and equity accounts with the underlying business activities that give rise to them. T/F - 
Answer- True 
Assets and liabilities are generally classified as _______________ or _________ 
__________. - Answer- current or long term. 
Current Asset - Answer- one that is expected to be used within one year of the balance 
sheet date...
Accounting For Decision Makers - WGU C213 - Test Prep Questions and Answers | 100% Verified
Accounting For Decision Makers - WGU C213 - Test Prep 
Questions and Answers | 100% Verified 
What 2 items of information are revealed on the balance sheet? - Answer- Ownership & 
Debt 
What is defined as the residual interest in the net assets of the company? - Answer- 
Owners' equity 
What are long term assets? - Answer- The value of a company's assets minus 
accumulated depreciation. These are not current assets. 
What is the long-term asset equation? - Answer- Long-term assets = Total liab...
- Package deal
- Exam (elaborations)
- • 8 pages •
Accounting For Decision Makers - WGU C213 - Test Prep 
Questions and Answers | 100% Verified 
What 2 items of information are revealed on the balance sheet? - Answer- Ownership & 
Debt 
What is defined as the residual interest in the net assets of the company? - Answer- 
Owners' equity 
What are long term assets? - Answer- The value of a company's assets minus 
accumulated depreciation. These are not current assets. 
What is the long-term asset equation? - Answer- Long-term assets = Total liab...
INSY-3303 FINAL EXAM STUDY GUIDE WITH COMPLETE SOLUTIONS
the answers are incorrect
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