C 213 / C213 Pre- Assessment (Latest Update 2025 / 2026) Accounting for Decision Makers | Questions and Answers | Grade A | 100% Correct - WGU
Question:
Which category of ABC activities are machine setup and material movement costs associated with?
O Product line activities O Facility support activities O Unit-level activities O Batch-level activities
Answer:
O Batch-level activities
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Question:
The director of a marathon race wants to assign the cost of having police officers along the race route to manage crowd control.
Which consideration is an appropriate cost driver?
O The cost of liability insurance for the race O The number of race participants and spectators O The amount of hours the director spends on organizing the race O The amount of the registration fee
Answer:
O The number of race participants and spectators
Question:
Which item is an investing activity?
O Cash receipts from dividend revenue O Cash receipts from issuance of stock O Cash payments for dividends O Cash payments for purchase of plant assets
Answer:
O Cash payments for purchase of plant assets 2 / 4
Question:
What impact does the sale of equipment have on the statement of cash flows?
O Increase in cash from investing activities O Increase in cash from financing activities O Increase in cash from operating activities O Decrease in cash from operating activities
Answer:
O Increase in cash from investing activities
Question:
What is known about the direct and indirect methods of preparing statements of cash flow?
O Neither method is very popular among large U.S. companies O The direct method is more popular among large U.S. companies O Both methods have the same popularity among large U.S. companies O The indirect method is more popular among large U.S. companies
Answer:
O The indirect method is more popular among large U.S. companies
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Question:
A company's statement of cash flows includes the following cash transactions:
Sales 1,250,000 Inventory Purchase -750,000 Property and Equipment Purchase -270,000 Interest Payment on Long-Term Debt -25,000 Payment of Wages -315,000 Payment of Rent -40,000 Borrowing Long-Term Debt 200,000 Payment of Cash Dividends -15,000 Repurchase of Treasury Stock -40,000
Total Cash Flows -5,000
Assuming the company uses US GAAP standards, what is the total cash flow from financing activities?
O $175,000
O $160,000
O $145,000
O $120,000
Answer:
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