WGU C213 PA & OA EXAM 2024 WITH 100% ACCURATE SOLUTIONS

WGU C213 PA & OA EXAM 2024 WITH 100% ACCURATE SOLUTIONS What does accounting focus on? - correct answer The impact a business's activities have on its overall financial performance Which report summarizes cash collections and cash expenditures from operating, investing, and financing activities over a period of time? - correct answer Statement of cash flows Which users would have a primary concern with an organization's ability to provide healthcare benefits? - correct answer Employees Which benefit does a corporation gain by following Generally Accepted Accounting Principles (GAPP)? - correct answer An increase in its compatibility to other companies Which body regulates a certified public accounting firm's audit practices when the firm is auditing a large publicly traded company? - correct answer The Public Company Accounting Oversight Board (PACOB) What has had the most significant impact on Accounting practices? - correct answer Information technology What two items of information are revealed on the balance sheet? - correct answer Ownership and Debt Which term is defined as the residual in the net assets of a company? - correct answer Owners