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The Balance Sheet WGU C213: Topic 3
2025/2026 Exam Questions and Verified
Answers | Already Graded A+
Which of the following would be classified as a current asset? - 🧠 ANSWER
✔✔Accounts receivable
Distributions by a corporation to its stockholders are called - 🧠 ANSWER
✔✔Dividends
Which of the following decreases owners' equity? - 🧠 ANSWER ✔✔Operations
generate a loss
Owners of a corporation are referred to as - 🧠 ANSWER ✔✔Stockholders
An enterprise's obligations to pay cash or other economic resources to others are
called - 🧠 ANSWER ✔✔Liabilities
The total amount invested to acquire an ownership interest in a corporation is
called - 🧠 ANSWER ✔✔Common Stock and
Preferred Stock
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
The Balance Sheet WGU C213: Topic 3
2025/2026 Exam Questions and Verified
Answers | Already Graded A+
Which of the following would be classified as a current asset? - 🧠 ANSWER
✔✔Accounts receivable
Distributions by a corporation to its stockholders are called - 🧠 ANSWER
✔✔Dividends
Which of the following decreases owners' equity? - 🧠 ANSWER ✔✔Operations
generate a loss
Owners of a corporation are referred to as - 🧠 ANSWER ✔✔Stockholders
An enterprise's obligations to pay cash or other economic resources to others are
called - 🧠 ANSWER ✔✔Liabilities
The total amount invested to acquire an ownership interest in a corporation is
called - 🧠 ANSWER ✔✔Common Stock and
Preferred Stock
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
