WGU C214 FINANCIAL MANAGEMENT –
FINAL EXAM 2025 QUESTIONS AND
ANSWERS
Trading on the NYSE is executed without a specialist T or F - 🧠 ANSWER
✔✔False
What are 2 types of financial instruments - 🧠 ANSWER ✔✔Stocks and
BondsM
When revenue is matched with cost of sales in an income statement it is
called? - 🧠 ANSWER ✔✔matching principle
A high quality customer 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
,___________________________Expenses of
_______________________________ - 🧠 ANSWER ✔✔Revenue
$500,000, Expenses of 300,000
A firm reported retained 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? - 🧠 ANSWER ✔✔Beg RE 300, NI = 125, Div -
25, RE 400.
A basic equation of the balance sheet is - 🧠 ANSWER ✔✔Assets = equity -
liabilities
Sales minus cost of sales minus other expenses equals what? - 🧠
ANSWER ✔✔Operating income or EBIT
What is the balance sheet known as a permanent statement? - 🧠 ANSWER
✔✔Because the other statements are reset at the end of the year.
How do you calculated the change in retained earning? - 🧠 ANSWER
✔✔Net income - dividends
name four accounts that are a part of total assets - 🧠 ANSWER ✔✔cash
accounts receivable, inventory, long term assets.
, Sales misnus cost of sales minuss other expenses equals what? - 🧠
ANSWER ✔✔Operating Income or EBIT
Name 3 accounts that are part of current assets? - 🧠 ANSWER
✔✔Inventory, Cash, accounts receivables, short term investments
name 4 accounts that re part of total liabilities - 🧠 ANSWER ✔✔Bonds,
accounts payable, mortgage
Intel reported the following for 2014:
Net Income 100,000
Depreciation 20,000
Change in A/R 10,000
What is the cash flow from operating activities? - 🧠 ANSWER ✔✔100 + 20 -
10 = 110
name 3 accounts that are only included in Cash Flow from Financing CFF -
🧠 ANSWER ✔✔Common stock, dividends paid, bonds payable
Define the statement of cash flows - 🧠 ANSWER ✔✔calculated for the
same period of time as the Income Statement
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
FINAL EXAM 2025 QUESTIONS AND
ANSWERS
Trading on the NYSE is executed without a specialist T or F - 🧠 ANSWER
✔✔False
What are 2 types of financial instruments - 🧠 ANSWER ✔✔Stocks and
BondsM
When revenue is matched with cost of sales in an income statement it is
called? - 🧠 ANSWER ✔✔matching principle
A high quality customer 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
,___________________________Expenses of
_______________________________ - 🧠 ANSWER ✔✔Revenue
$500,000, Expenses of 300,000
A firm reported retained 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? - 🧠 ANSWER ✔✔Beg RE 300, NI = 125, Div -
25, RE 400.
A basic equation of the balance sheet is - 🧠 ANSWER ✔✔Assets = equity -
liabilities
Sales minus cost of sales minus other expenses equals what? - 🧠
ANSWER ✔✔Operating income or EBIT
What is the balance sheet known as a permanent statement? - 🧠 ANSWER
✔✔Because the other statements are reset at the end of the year.
How do you calculated the change in retained earning? - 🧠 ANSWER
✔✔Net income - dividends
name four accounts that are a part of total assets - 🧠 ANSWER ✔✔cash
accounts receivable, inventory, long term assets.
, Sales misnus cost of sales minuss other expenses equals what? - 🧠
ANSWER ✔✔Operating Income or EBIT
Name 3 accounts that are part of current assets? - 🧠 ANSWER
✔✔Inventory, Cash, accounts receivables, short term investments
name 4 accounts that re part of total liabilities - 🧠 ANSWER ✔✔Bonds,
accounts payable, mortgage
Intel reported the following for 2014:
Net Income 100,000
Depreciation 20,000
Change in A/R 10,000
What is the cash flow from operating activities? - 🧠 ANSWER ✔✔100 + 20 -
10 = 110
name 3 accounts that are only included in Cash Flow from Financing CFF -
🧠 ANSWER ✔✔Common stock, dividends paid, bonds payable
Define the statement of cash flows - 🧠 ANSWER ✔✔calculated for the
same period of time as the Income Statement
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
