2/10/25, 4:59 PM 2025 WGU C214 OA FINANCIAL MANAGEMENT RETAKE EXAM ALL QUESTIONS AND CORRECT ANSWERS (PROFESSOR …
2025 WGU C214 OA FINANCIAL MANAGEMENT
RETAKE EXAM ALL QUESTIONS AND CORRECT
ANSWERS (PROFESSOR VERIFIED) | ALREADY
GRADED A+ | LATEST EDITION
Save
Terms in this set (107)
Trading on the NYSE is False
executed without a
specialist T or F
What are 2 types of Stocks and BondsM
financial instruments
When revenue is matched matching principle
with cost of sales in an
income statement it is
called?
https://quizlet.com/1003905662/2025-wgu-c214-oa-financial-management-retake-exam-all-questions-and-correct-answers-professor-verified-already-… 1/19
,2/10/25, 4:59 PM 2025 WGU C214 OA FINANCIAL MANAGEMENT RETAKE EXAM ALL QUESTIONS AND CORRECT ANSWERS (PROFESSOR …
A high quality customer Revenue $500,000, Expenses of 300,000
just purchased $500,000
worth of product from
your company. The
contract calls for
immediate delivery of this
product with a cash
payment of $300,000
today and $200,000 in the
next 60 days. The expense
associated with the
product if $300,000, of
which $100, has not been
paid to your supplier.
Under the accrual based
accounting system you
will most likely report
Revenues of
___________________________Expens
es of
_______________________________
A firm reported retained Beg RE 300, NI = 125, Div -25, RE 400.
earnings of $300
12/31/2021. For 12/31/2021,
the firm reports retained
earnings of $400 and pays
dividends of $25. What
was the net income in
2023?
A basic equation of the Assets = equity - liabilities
balance sheet is
Sales minus cost of sales Operating income or EBIT
minus other expenses
equals what?
https://quizlet.com/1003905662/2025-wgu-c214-oa-financial-management-retake-exam-all-questions-and-correct-answers-professor-verified-already-… 2/19
, 2/10/25, 4:59 PM 2025 WGU C214 OA FINANCIAL MANAGEMENT RETAKE EXAM ALL QUESTIONS AND CORRECT ANSWERS (PROFESSOR …
What is the balance sheet Because the other statements are reset at the end of
known as a permanent the year.
statement?
How do you calculated Net income - dividends
the change in retained
earning?
name four accounts that cash accounts receivable, inventory, long term assets.
are a part of total assets
Sales misnus cost of sales Operating Income or EBIT
minuss other expenses
equals what?
Name 3 accounts that are Inventory, Cash, accounts receivables, short term
part of current assets? investments
name 4 accounts that re Bonds, accounts payable, mortgage
part of total liabilities
Intel reported the 100 + 20 - 10 = 110
following for 2014:
Net Income 100,000
Depreciation 20,000
Change in A/R 10,000
What is the cash flow from
operating activities?
name 3 accounts that are Common stock, dividends paid, bonds payable
only included in Cash
Flow from Financing CFF
calculated for the same period of time as the Income
Statement
Define the statement of
is calculated based on the Income Statement and the
cash flows
changes in the balance sheet
is one of the 3 basic accounting statements
https://quizlet.com/1003905662/2025-wgu-c214-oa-financial-management-retake-exam-all-questions-and-correct-answers-professor-verified-already-… 3/19
2025 WGU C214 OA FINANCIAL MANAGEMENT
RETAKE EXAM ALL QUESTIONS AND CORRECT
ANSWERS (PROFESSOR VERIFIED) | ALREADY
GRADED A+ | LATEST EDITION
Save
Terms in this set (107)
Trading on the NYSE is False
executed without a
specialist T or F
What are 2 types of Stocks and BondsM
financial instruments
When revenue is matched matching principle
with cost of sales in an
income statement it is
called?
https://quizlet.com/1003905662/2025-wgu-c214-oa-financial-management-retake-exam-all-questions-and-correct-answers-professor-verified-already-… 1/19
,2/10/25, 4:59 PM 2025 WGU C214 OA FINANCIAL MANAGEMENT RETAKE EXAM ALL QUESTIONS AND CORRECT ANSWERS (PROFESSOR …
A high quality customer Revenue $500,000, Expenses of 300,000
just purchased $500,000
worth of product from
your company. The
contract calls for
immediate delivery of this
product with a cash
payment of $300,000
today and $200,000 in the
next 60 days. The expense
associated with the
product if $300,000, of
which $100, has not been
paid to your supplier.
Under the accrual based
accounting system you
will most likely report
Revenues of
___________________________Expens
es of
_______________________________
A firm reported retained Beg RE 300, NI = 125, Div -25, RE 400.
earnings of $300
12/31/2021. For 12/31/2021,
the firm reports retained
earnings of $400 and pays
dividends of $25. What
was the net income in
2023?
A basic equation of the Assets = equity - liabilities
balance sheet is
Sales minus cost of sales Operating income or EBIT
minus other expenses
equals what?
https://quizlet.com/1003905662/2025-wgu-c214-oa-financial-management-retake-exam-all-questions-and-correct-answers-professor-verified-already-… 2/19
, 2/10/25, 4:59 PM 2025 WGU C214 OA FINANCIAL MANAGEMENT RETAKE EXAM ALL QUESTIONS AND CORRECT ANSWERS (PROFESSOR …
What is the balance sheet Because the other statements are reset at the end of
known as a permanent the year.
statement?
How do you calculated Net income - dividends
the change in retained
earning?
name four accounts that cash accounts receivable, inventory, long term assets.
are a part of total assets
Sales misnus cost of sales Operating Income or EBIT
minuss other expenses
equals what?
Name 3 accounts that are Inventory, Cash, accounts receivables, short term
part of current assets? investments
name 4 accounts that re Bonds, accounts payable, mortgage
part of total liabilities
Intel reported the 100 + 20 - 10 = 110
following for 2014:
Net Income 100,000
Depreciation 20,000
Change in A/R 10,000
What is the cash flow from
operating activities?
name 3 accounts that are Common stock, dividends paid, bonds payable
only included in Cash
Flow from Financing CFF
calculated for the same period of time as the Income
Statement
Define the statement of
is calculated based on the Income Statement and the
cash flows
changes in the balance sheet
is one of the 3 basic accounting statements
https://quizlet.com/1003905662/2025-wgu-c214-oa-financial-management-retake-exam-all-questions-and-correct-answers-professor-verified-already-… 3/19
