WGU D076 Test Answers Questions with 100% Correct Answers | Verified

In which way is accounting different from finance? Accounting is backward looking, while finance is focused on the future. Accounting is focused on allocating capital, while finance is focused on bringing in capital. Accounting is about budgeting, saving, and borrowing, while finance is about investing, forecasting, and lending. - Accounting is backward looking, while finance is focused on the future. What is the main question that both individuals and companies must consider when making financial decisions to reach a goal? Will the benefits of the action outweigh the costs? Will this decision require debt or equity financing? Will utility be maximized through this decision? - Will the benefits of the action outweigh the costs?