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WGU C213 PRE -ASSESSMENT EXAM NEWEST 2025
ACTUAL EXAM| COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS ( VERIFIED
ANSWERS) ALREADY GRADED A+| C213 WGU PA
EXAM 2025 (BRAND NEW!!)
What is consistent with a continual decline in gross profit if the firm's cost of goods sold remains the same?
- Continual decrease in salaries
- Continual increase in interest
- Continual increase in taxes
- Continual decrease in sales - Correct Answer - Continual decrease in
sales
Which form of debt should be reported in the long-term liability category?
- Unearned revenue that will be earned in 9 months.
- Notes payable expected to be paid in 18 months.
- Accounts payable due in 30 days.
- Salaries payable due in 2 weeks - Correct Answer - Notes payable
expected to be paid in 18 months
What is a common category in a statement of cash flows?
- Cash from planning activities
- Cash from production activities 1 / 3
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- Cash from marketing activities
- Cash from investing activities - Correct Answer - Cash from investing
activities
Which cash flow category would include "cash received from investors"?
- Cash from financing activities
- Cash from charitable activities
- Cash from investing activities
- Cash from sponsoring activities - Correct Answer - Cash from
financing activities
Which item is an investing activity
- Cash receipts from dividend revenue
- Cash receipts from issuance of stock
- Cash payments for dividends
- Cash payments for purchase of plant assets - Correct Answer - Cash
payments for purchase of plant assets
What impact does the sale of equipment have on the statement of cash flows?
- Increase in cash from investing activities
- Increase in cash from operating activities
- Increase in cash from financing activities 2 / 3
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- Decrease in cash from operating activities - Correct Answer - An
increase in cash from investing activities
What is known about the direct and indirect methods of preparing statements of cash flows?
- The direct method is more popular among large US companies
- The indirect method is more popular among large US companies
- Both methods have the same popularity among large US companies
- Neither method is very popular among large US companies - Correct
Answer - The indirect method is more popular among large U.S.companies.
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
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