WGU D196 Principles of Financial & Managerial Accounting (MULTIPLE CHOICE)Pre-Assessment
WGU D196 Pre-Assessment What is the effect of a company's accounting department maintaining high ethical standards? -The company can report more favorable results in its financial statements. -The company's accounting information will decrease in value. -The company can hire fewer accountants to do the same amount of work. -The company's accounting information will increase in value. - correct answer The company's accounting information will increase in value. Why might employees be interested in their company's financial accounting information? -Financial statement data are used to record long term liabilities. -Financial statement data provide detailed internal budget information. -Financial statement data are often used in determining employee bonuses. -Financial statement data provide item-by-item product cost information. - correct answer Financial statement data are often used in determining employee bonuses.
Written for
- Institution
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Western Governers University
- Module
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D196 WGU
Document information
- Uploaded on
- February 24, 2024
- Number of pages
- 15
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- wgu d196 pre assessment
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principles of financial managerial accounting
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