WGU C214 OA Financial Management Retake Exam Questions and Answer

WGU C214 OA Financial Management
Retake Exam
Questions and Answers


1. What does the Foreign Corrupt Practices Act forbid U.S. companiesto do?

Prohibits U.S. firms and individuals from paying bribes to foreign officials to further
business deals.

,Investing – Property, plant, equipment, long term

itemsFinancing – debt and equity changes

2. What does the statement of cash flows report?

Cash inflow and cash outflow of business for period of time


3. Write the equation that links the income statement to the balance sheet?
New Re= Old RE + Net Income – dividends

7. 2,0
Net income 00
Depreciation 50
0
Change in operating
assets 40
Change in PPE 0
Change on long term 1,0
liabilities 00
Dividends paid 60
0
100

What is the firm’s cash flow from financing activities? CFF
Increase in debt 600 + (no change in stock) 0 – (dividends paid) 100 = 500



8. Describe
an income

, statement
?

An income statement is a financial statement that shows you how profitable
your business was overa given reporting period. It shows your revenue, minus
your expenses and losses
9. What item
is included
in the
income
statement
and not
included in
thestatem
ent of
cash
flows.

Depreciation

10. A
company
sold goods
in 2016 for
$30,000
and
collected
the cash in
2017. In
2016, the
company
incurred
and paid
$20,000 in