WGU C213 Accounting for Decision Makers Exam
|OA| Objective Assessment| Actual Questions and
Answers Latest Updated (Graded A+)
Correct
Incorrect
C213 Objective Assessment
, The number of race participants The cost of liability insurance for the
and spectators. race.
The amount of hours the director
The amount of the registration fee.
spends on organizing the race.
Don't know?
2 of 143
Term
Increased federal oversight of the audit process resulted from the
passage of the following act of Congress:
Give this one a try later!
Financial Reports Act. Access to High Standards Act.
Sarbanes-Oxley Act. Auditing Oversight Act.
Don't know?
3 of 143
Term
,Which situation should result in revenue recognition on the income
statement for the year ending 12/31/14 if the firm is using accrual-basis
accounting?
Give this one a try later!
In 2014, a company collects cash In 2014, a company collects cash
from a customer for services it from a customer for services it will
provided in the previous year (2013). provide next year (2015).
In 2014, a company provides In 2014, a company enters into a
services to a customer for which contract whereby it agrees to provide
cash will be collected the next services to a customer next
year (2015). year(2015).
Don't know?
4 of 143
Term
What has had the most significant impact on accounting practices?
Give this one a try later!
Information technology Certification requirements
Mobile computing New product innovations
, Don't know?
5 of 143
Term
A manufacturer produces three products: A, B, and C. The company
uses the following information to determine activity rates for each
pool:
Cost Pool
Pool 1 $300,000 20,000 hours
Pool 2 $20,000 500 pounds
Pool 3 $10,000 100 moves
Total
$330,000
Data concerning the three products appear below:
Cost DriverProducts
Product A
10,000 Hours
150 Pounds
20 Moves
Product B
7,500 Hours
250 Pounds
30 Moves
Product C
2,500 Hours
100 Pounds
|OA| Objective Assessment| Actual Questions and
Answers Latest Updated (Graded A+)
Correct
Incorrect
C213 Objective Assessment
, The number of race participants The cost of liability insurance for the
and spectators. race.
The amount of hours the director
The amount of the registration fee.
spends on organizing the race.
Don't know?
2 of 143
Term
Increased federal oversight of the audit process resulted from the
passage of the following act of Congress:
Give this one a try later!
Financial Reports Act. Access to High Standards Act.
Sarbanes-Oxley Act. Auditing Oversight Act.
Don't know?
3 of 143
Term
,Which situation should result in revenue recognition on the income
statement for the year ending 12/31/14 if the firm is using accrual-basis
accounting?
Give this one a try later!
In 2014, a company collects cash In 2014, a company collects cash
from a customer for services it from a customer for services it will
provided in the previous year (2013). provide next year (2015).
In 2014, a company provides In 2014, a company enters into a
services to a customer for which contract whereby it agrees to provide
cash will be collected the next services to a customer next
year (2015). year(2015).
Don't know?
4 of 143
Term
What has had the most significant impact on accounting practices?
Give this one a try later!
Information technology Certification requirements
Mobile computing New product innovations
, Don't know?
5 of 143
Term
A manufacturer produces three products: A, B, and C. The company
uses the following information to determine activity rates for each
pool:
Cost Pool
Pool 1 $300,000 20,000 hours
Pool 2 $20,000 500 pounds
Pool 3 $10,000 100 moves
Total
$330,000
Data concerning the three products appear below:
Cost DriverProducts
Product A
10,000 Hours
150 Pounds
20 Moves
Product B
7,500 Hours
250 Pounds
30 Moves
Product C
2,500 Hours
100 Pounds
