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WGU C214 Financial Management OA Study Set | 140 Questions with 100% Correct Answers | Verified | Latest Update

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Trading on the NYSE is executed without a specialist (i.e. a market maker). True or False? - False Stocks and Bonds are two types of financial instruments. True or False? - True When revenue is matched with cost of sales in an Income statement it is called? - Matching principle Basic balance sheet equation is what? - Equity = Assets - Liabilities Why is the balance sheet known as the permanent statement? - Because the other statements are reset at the end of the fiscal year. How do you calculate the change in retained earnings? - Net income-dividends Sales - Cost of Sales - other expenses = - Operating Income or EBiT Name four accounts that are part of total assets? - Cash, Accounts receivable, inventory, long term assetsName three accounts that are part of total liabilities? - Bonds, accounts payable and mortgage

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