WGUl C213l Pre-l Assessmentl V1l (Latestl 2025/l 2026l Update)l Accountingl forl Decisionl Makersl |l Questionsl &l Answers|l Gradel A|l 100%l Correctl (Verifiedl Solutions)
Q:l Whichl categoryl onl thel statementl ofl cashl flowsl summarizesl cashl receiptsl andl paymentsl tol ownersl andl creditorsl ofl thel company?Ol Cashl flowsl froml businessl activities Ol Cashl flowsl froml financingl activities Ol Cashl flowsl froml investingl activities Ol Cashl flowsl froml operatingl activities
Answer:
Cashl flowsl froml financingl activities
Q:l Wherel wouldl anl investorl findl al summaryl ofl al company'sl significantl accountingl policies?Ol Inl thel incomel statement Ol Inl thel balancel sheet Ol Inl thel statementl ofl cashl flows Ol Inl thel notesl tol financiall statement
Answer:
Inl thel notesl tol financiall statement
Q:l Whichl assurancel doesl anl externall auditl reportl providel forl itsl readers?Ol Thel companyl willl bel al goodl creditl risk Ol Thel company'sl financiall statementl fairlyl reflecstl itl financiall position Ol Thel companyl willl generatel positivel cashl flows Ol Thel companyl willl generatel netl income
Answer:
Thel company'sl financiall statementl fairlyl reflectsl itl financiall position 1 / 3
Q:l Matchl eachl accountingl terml withl itsl definition.
Answerl optionsl mayl bel usedl morel thanl oncel orl notl atl all.Conservatism Material Reliable Relevant Informationl havingl tol dol withl thel matterl atl hand Informationl relatedl tol recognizingl lossesl asl theyl occur Informationl thatl canl bel verified Informationl thatl isl importantl enoughl tol makel al difference
Answer:
Conservatism:l Informationl relatedl tol recognizingl lossesl asl theyl occur
Material:l Informationl thatl isl importantl enoughl tol makel al difference
Reliable:l Informationl thatl canl bel verified
Relevant:l Informationl havingl tol dol withl thel matterl atl hand
Q:l Orderl thel stepsl inl thel decisionl cyclel froml firstl (1)l tol lastl (5).-Analyzel financiall statements -Gatherl information -Implementl decision -Makel decision -Preparel financiall statements
Answer:
1.l Preparel financiall statements 2.l Analyzel financiall statements 3.l Gatherl information 4.l Makel decision 5.l Implementl decision
Q:l Partiall financiall informationl forl al companyl isl asl follows: Currentl assetsl $36,543 Totall assetsl $58,719 Currentl liabilitiesl $24,824 Totall liabilitiesl $48,561 Stockholders'l equityl $10,158 Salesl $46,997 2 / 3
Netl Incomel $l 3,761 Marketl valuel ofl sharesl $41,316 Whatl isl thel price-earningsl (PE)l ratiol forl thisl company?Ol 11.0 Ol 12.5 Ol 12.9 Ol 15.6
Answer:
11.0l **
Q:l Whatl doesl itl meanl ifl al companyl hasl al debtl ratiol ofl 101.5%
Ol Thel companyl hasl 1.5%l morel currentl liabilitiesl thanl currentl assets Ol Thel companyl hasl 1.5%l morel totall liabilitiesl thanl totall assets Ol Thel companyl hasl 1.5%l morel totall liabilitiesl thanl netl income Ol Thel companyl hasl 1.5%l morel totall liabilitiesl thanl grossl sales
Answer:
Thel companyl hasl 1.5%l morel totall liabilitiesl thanl totall assets
Q:l Whatl isl consistentl withl al continuall declinel inl grossl profitl ifl thel firm'sl costl ofl goodsl soldl remainsl thel same?Ol Continuall increasel inl taxes Ol Continuall increasel inl interest Ol Continuall decreasel inl salaries Ol Continuall decreasel inl sales
Answer:
Continuall decreasel inl sales
Q:l Whichl twol cashl flowl adequacyl ratiosl representl al cashl cow?
Choosel 2 Ol $6,991/$5,486 Ol $4,510/$4,932 Ol $7,589/$9,210 Ol $5,220/$1,875 Ol $8,091/$9,374
Answer:
- / 3