1
WGU C213 - Topic 1 2025/2026 Exam
Questions and Correct Answers | New
Update
The emphasis in financial accounting is on which of the following external user
groups?
- Certified public accountants
- Managers
- Investors and creditors
- Educators - 🧠 ANSWER ✔✔Investors and Creditors
The primary internal group that uses accounting information is
- Government agencies
- Investors
- Competitors
- Management - 🧠 ANSWER ✔✔Management
Internal reports are generally used by
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
, 2
- Management
- Suppliers
- Lenders
- Employees - 🧠 ANSWER ✔✔Management
Which of the following is NOT an external user of financial information?
- Customers
- Management
- Suppliers
- Competitors - 🧠 ANSWER ✔✔Management
Which of the following in NOT true of the Financial Accounting Standards Board
(FASB)?
- It is a government agency
- is has no legal power to enforce the standards it sets
- it seeks consistency for its proposed standards
- It consists of seven full-time members - 🧠 ANSWER ✔✔It is a government
agency
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
WGU C213 - Topic 1 2025/2026 Exam
Questions and Correct Answers | New
Update
The emphasis in financial accounting is on which of the following external user
groups?
- Certified public accountants
- Managers
- Investors and creditors
- Educators - 🧠 ANSWER ✔✔Investors and Creditors
The primary internal group that uses accounting information is
- Government agencies
- Investors
- Competitors
- Management - 🧠 ANSWER ✔✔Management
Internal reports are generally used by
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
, 2
- Management
- Suppliers
- Lenders
- Employees - 🧠 ANSWER ✔✔Management
Which of the following is NOT an external user of financial information?
- Customers
- Management
- Suppliers
- Competitors - 🧠 ANSWER ✔✔Management
Which of the following in NOT true of the Financial Accounting Standards Board
(FASB)?
- It is a government agency
- is has no legal power to enforce the standards it sets
- it seeks consistency for its proposed standards
- It consists of seven full-time members - 🧠 ANSWER ✔✔It is a government
agency
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
