WGU C213 ACCOUNTING FOR DECISION MAKERS PRE ASSESSMENT EXAM Latest 2025/2026 COMPLETE FREQUENTLY MOST TESTED QUESTIONS WITH COMPLETE SOLUTION /GET IT 100% ACCURATE!(Graded A+)

WGU C213 ACCOUNTING FOR DECISION MAKERS
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PRE ASSESSMENT EXAM
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QUESTIONS AND VERIFIED ANSWERS / A+ GRADE
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1. What does accounting focus on?
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A. The impact a business's activities have on its relationships with customers.
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B. The impact a business's activities have on the environment.
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C. The impact a business's activities have on its public image.
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D. The impact a business's activities have on its overall financial performance.-
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ANS: D.The impact a business's activities have on its overall financial performance.
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2. Which report summarizes cash collections and cash expenditures from o
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perating, investing, and financing activities over a period of time?
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A. Cash receipts and disbursements sheet
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B. Cash flow schedule
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C. Summary of cash receipts
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,D. Statement of cash flows g g g




ANS: D. Statement of cash flows
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3. Which users would have a primary concern with an organization's ability to provide he
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alth benefits?
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A. Competitors
B. Employees
C. Vendors
D. Suppliers
ANS: B. Employees g g




4. Which benefit does a corporation gain by following Generally Accepted A
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ccounting Principles (GAAP)? g g




A. A decrease in its income tax obligations
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B. A decrease in the amount of net income it reports
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C. An increase in its comparability to other companies
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D. An increase in the amount of assets it reports
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ANS: C. An increase in its compa- rability to other companies
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5. Which body regulates a certified public accounting firm's audit practices when th
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e firm is auditing a large publicly traded company?
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A. The Public Company Accounting Oversight Board (PCAOB)
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B. The Financial Accounting Standards Board (FASB)
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,C. Another certified public accounting (CPA) firm
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D. The Internal Revenue Service (IRS)
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ANS: A.The Public Company Accounting Over- sight Board (PCAOB)
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6. What has had the most significant impact on accounting practices?
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, A. Certification requirements g




B. New product innovations
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C. Information technology g




D. Mobile computing g




ANS: C. Information technology
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7. What two items of information are revealed on the balance sheet?
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A. Ownership
B. Debt
C. Expenses
D. Revenues
E. Costs
ANS: A. Ownership
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B. Debt g




8. Which term is defined as the residual interest in the net assets of a compa- ny?
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A. Operating income g




B. Liabilities
C. Revenues
D. Owners' equity g




ANS: D. Owners' equity
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