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WGU C214 Financial Mgmt Pass the OA 2026/2027 ||
Most Recent Exam Actual Complete Real Verified
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!!
Newest Exam!!!
How do you calculate the change in retained earnings? -
Answer-Net income-dividends
Sales - Cost of Sales - other expenses = - Answer-
Operating Income or EBiT
Name four accounts that are part of total assets? -
Answer-Cash, Accounts receivable, inventory, long term
assets
Name three accounts that are part of total liabilities? -
Answer-Bonds, accounts payable and mortgage
Name four accounts that are part of current assets? -
Answer-Inventory, cash, accounts receivable and short
term investments.
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Name three accounts that are only included in cash flow
from financing? - Answer-Common stock, dividends paid
and bonds payable
Define the statement of cash flows? - Answer-Calculated
for the same period of time as the incomes statement is
calculated based on the income statement and changes in
the balance sheet is one of the three basic accounting
statements.
When fixed assets increase what happens to cash? -
Answer-Cash will decrease
What is the purpose of the statement of cash flows? -
Answer-Explains the change in cash over the course of
the specified time frame.
Trading on the NYSE is executed without a specialist (i.e.
a market maker). True or False? - Answer-False
Stocks and Bonds are two types of financial instruments.
True or False? - Answer-True
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When revenue is matched with cost of sales in an Income
statement it is called? - Answer-Matching principle
Basic balance sheet equation is what? - Answer-Equity =
Assets - Liabilities
Why is the balance sheet known as the permanent
statement? - Answer-Because the other statements are
reset at the end of the fiscal year.
Suppose the inventory turnover of a company is higher
than the industry. Based on this observation, which of the
following is most likely? - Answer-The firm has too little
inventory resulting in lost sales or stock-outs.
If a company wishes to obtain a bank loan, will it want to
have a higher current ratio or a lower current ratio? -
Answer-Higher
The Operating Income Return on Investment (OIROI) uses
what elements on the income statement? - Answer-EBIT
and total assets
WGU C214 Financial Mgmt Pass the OA 2026/2027 ||
Most Recent Exam Actual Complete Real Verified
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed Success!!
Newest Exam!!!
How do you calculate the change in retained earnings? -
Answer-Net income-dividends
Sales - Cost of Sales - other expenses = - Answer-
Operating Income or EBiT
Name four accounts that are part of total assets? -
Answer-Cash, Accounts receivable, inventory, long term
assets
Name three accounts that are part of total liabilities? -
Answer-Bonds, accounts payable and mortgage
Name four accounts that are part of current assets? -
Answer-Inventory, cash, accounts receivable and short
term investments.
,2|Page
Name three accounts that are only included in cash flow
from financing? - Answer-Common stock, dividends paid
and bonds payable
Define the statement of cash flows? - Answer-Calculated
for the same period of time as the incomes statement is
calculated based on the income statement and changes in
the balance sheet is one of the three basic accounting
statements.
When fixed assets increase what happens to cash? -
Answer-Cash will decrease
What is the purpose of the statement of cash flows? -
Answer-Explains the change in cash over the course of
the specified time frame.
Trading on the NYSE is executed without a specialist (i.e.
a market maker). True or False? - Answer-False
Stocks and Bonds are two types of financial instruments.
True or False? - Answer-True
, 3|Page
When revenue is matched with cost of sales in an Income
statement it is called? - Answer-Matching principle
Basic balance sheet equation is what? - Answer-Equity =
Assets - Liabilities
Why is the balance sheet known as the permanent
statement? - Answer-Because the other statements are
reset at the end of the fiscal year.
Suppose the inventory turnover of a company is higher
than the industry. Based on this observation, which of the
following is most likely? - Answer-The firm has too little
inventory resulting in lost sales or stock-outs.
If a company wishes to obtain a bank loan, will it want to
have a higher current ratio or a lower current ratio? -
Answer-Higher
The Operating Income Return on Investment (OIROI) uses
what elements on the income statement? - Answer-EBIT
and total assets
