WGU Accounting for Decision Makers C213 VAC2 - Accounting-for-Decision-Makers Free Exam Questions

A. They conduct a customer satisfaction survey

B. They obtain confirmations from third parties the company does business with

C. They perform a marketing analysis to determine demand for the company's products or services

D. They poll the public regarding the company's external image

E. They examine records to support balances and transactions

A. Indirect labor costs

B. Selling costs

C. Direct labor costs

D. Raw materials costs

A. The impact of past transactions on a business organization's profit margin

B. The impact of a change in a business organization's number of units sold to reach a certain profit margin in the future

C. The impact of past income tax costs on a business organization's profit margin

D. The impact that a change in cost would have on a business organization's profit margin in the future

A. Cash payments for administration expenses

B. Cash receipts for the sale of plant assets

C. Cash payments for purchase of plant assets

D. Cash receipts from the sale of a business segment

A. An outside auditor disagrees with the amount reported as an allowance for uncollectible accounts receivable

B. An accounting department miscalculates the payroll tax due at year-end, resulting in an inaccurate liability

C. An accounting employee overpays a supplier and receives a portion of the excess as a kickback

D. An accountant unintentionally records amounts as revenue that were prepaid by customers but not yet earned

A. Securities Exchange Act

B. Sarbanes-Oxley Act

C. Corporate Accountability Act

D. Auditing Accountability Act

A. The company has 1.5% more total liabilities than total assets

B. The company has 1.5% more current liabilities than current assets

C. The company has 1.5% more total liabilities than gross sales

D. The company has 1.5% more total liabilities than net income

A. Statement of cash flows

B. Statement of retained earnings

C. Income statement

D. Balance sheet