Western Governors University C 214
WGU C214 Financial Management OA Study Set
Exam 2026 Actual Questions with
Verified Answers | Latest 2026/2027
Update| 100% Correct A+ GRADE
Terms in this set (142)
Trading on the NYSE is executed without a False
specialist (i.e. a market maker). True or
False?
Stocks and Bonds are two types of financial True
instruments. True or False?
When revenue is matched with cost of Matching principle
sales in an Income statement it is called?
Basic balance sheet equation is what? Equity = Assets - Liabilities
Why is the balance sheet known as the Because the other statements are reset at the end of the fiscal
permanent statement? year.
How do you calculate the change Net income-dividends
in retained earnings?
Sales - Cost of Sales - other expenses = Operating Income or EBiT
Name four accounts that are part of total Cash, Accounts receivable, inventory, long term assets
assets?
Name three accounts that are part of total Bonds, accounts payable and mortgage
liabilities?
Name four accounts that are part of current Inventory, cash, accounts receivable and short term
assets? investments.
Name three accounts that are only included Common stock, dividends paid and bonds payable
in cash flow from financing?
Define the statement of cash flows? 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 will decrease
cash?
, What is the purpose of the statement of Explains the change in cash over the course of the specified
cash flows? time frame.
WGU C214 Financial Management OA Study Set
Exam 2026 Actual Questions with
Verified Answers | Latest 2026/2027
Update| 100% Correct A+ GRADE
Terms in this set (142)
Trading on the NYSE is executed without a False
specialist (i.e. a market maker). True or
False?
Stocks and Bonds are two types of financial True
instruments. True or False?
When revenue is matched with cost of Matching principle
sales in an Income statement it is called?
Basic balance sheet equation is what? Equity = Assets - Liabilities
Why is the balance sheet known as the Because the other statements are reset at the end of the fiscal
permanent statement? year.
How do you calculate the change Net income-dividends
in retained earnings?
Sales - Cost of Sales - other expenses = Operating Income or EBiT
Name four accounts that are part of total Cash, Accounts receivable, inventory, long term assets
assets?
Name three accounts that are part of total Bonds, accounts payable and mortgage
liabilities?
Name four accounts that are part of current Inventory, cash, accounts receivable and short term
assets? investments.
Name three accounts that are only included Common stock, dividends paid and bonds payable
in cash flow from financing?
Define the statement of cash flows? 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 will decrease
cash?
, What is the purpose of the statement of Explains the change in cash over the course of the specified
cash flows? time frame.
