ACCOUNTING FOR DECISION MAKERS
(WGU C213) TOPICS 1-6 QUIZZES WITH
ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS
The organization that develops worldwide accounting standards is
the? Correct Answer International Accounting Standards Board
(IASB)
Standards established by the International Accounting Standards
Board are referred to as? Correct Answer International Financial
Accounting Standards
Which of the following would be reported as an operating activity
on a statement of cash flows?
- Payment of dividends
- Payment of taxes
- Purchase of a building
- Repayment of a loan Correct Answer Payment of taxes
,Which of the following would be reported as a financing activity on
a statement of cash flows?
- Receipt of a dividend
- Purchase of treasury stock
- Proceeds from the sale of land
- Payment of interest Correct Answer Purchase of treasury stock
Which of the following would NOT be reported as an investing
activity on a statement of cash flows?
- Amounts borrowed
- Collection of a long-term note receivable
- Sale of a building
- Extending loans to other entities Correct Answer Amounts
borrowed
The following financial information is available for the year 2012:
Operating activities = $ 309,800
Investing activities = ($118,000)
Financing activities = ($190,000)
Ending cash balance = $ 5,600
,Given this information, what is the beginning cash balance?
$72,600
$1,800
$112,400
$3,800 Correct Answer $3,800
Breakdown -
Beginning cash balance:
x + $309,800 - $118,000 - $190,000 = $5,600
x = $3,800
Yuka Company had a beginning cash balance of $1,875. In
addition, Yuka Company reported the following items from its
cash flow statement:
Operating activities = $6,450
Investing activities = ($4,735)
Financing activities = ($1,200)
Given this information, Yuka Company's ending cash balance is...
, $515
$2,390
$3,590
$2,480 Correct Answer $2,390
Breakdown -
Ending cash balance:
$1,875 + $6,450 - $4,735 - $1,200 = $2,390
Dahbi Corporation has the following financial information
available:
Operating activities = $14,250
Financing activities = $ 3,500
Beginning cash balance = $ 1,450
Ending cash balance = $5,650
Given this information, what is the amount of cash provided by
(used in) Dahbi's investing activities?
($13,550)
$13,550
($24,850)
(WGU C213) TOPICS 1-6 QUIZZES WITH
ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS
The organization that develops worldwide accounting standards is
the? Correct Answer International Accounting Standards Board
(IASB)
Standards established by the International Accounting Standards
Board are referred to as? Correct Answer International Financial
Accounting Standards
Which of the following would be reported as an operating activity
on a statement of cash flows?
- Payment of dividends
- Payment of taxes
- Purchase of a building
- Repayment of a loan Correct Answer Payment of taxes
,Which of the following would be reported as a financing activity on
a statement of cash flows?
- Receipt of a dividend
- Purchase of treasury stock
- Proceeds from the sale of land
- Payment of interest Correct Answer Purchase of treasury stock
Which of the following would NOT be reported as an investing
activity on a statement of cash flows?
- Amounts borrowed
- Collection of a long-term note receivable
- Sale of a building
- Extending loans to other entities Correct Answer Amounts
borrowed
The following financial information is available for the year 2012:
Operating activities = $ 309,800
Investing activities = ($118,000)
Financing activities = ($190,000)
Ending cash balance = $ 5,600
,Given this information, what is the beginning cash balance?
$72,600
$1,800
$112,400
$3,800 Correct Answer $3,800
Breakdown -
Beginning cash balance:
x + $309,800 - $118,000 - $190,000 = $5,600
x = $3,800
Yuka Company had a beginning cash balance of $1,875. In
addition, Yuka Company reported the following items from its
cash flow statement:
Operating activities = $6,450
Investing activities = ($4,735)
Financing activities = ($1,200)
Given this information, Yuka Company's ending cash balance is...
, $515
$2,390
$3,590
$2,480 Correct Answer $2,390
Breakdown -
Ending cash balance:
$1,875 + $6,450 - $4,735 - $1,200 = $2,390
Dahbi Corporation has the following financial information
available:
Operating activities = $14,250
Financing activities = $ 3,500
Beginning cash balance = $ 1,450
Ending cash balance = $5,650
Given this information, what is the amount of cash provided by
(used in) Dahbi's investing activities?
($13,550)
$13,550
($24,850)
