WGU Intro to Business Accounting D774+ UPDATED ACTUAL Questions and
CORRECT Answers
What time period did accounting increase The industrial revolution
importance to society?
How did the Sarbanes-Oxley Act of 2002 Increases the responsibility
have an impact on corporate social
responsibility?
What characteristic describe the purpose provides the financial data in standardized reports for external reports
of financial accounting?
A company is assessing its monthly labor They are tailored to meet the specific needs of internal decision making
costs to optimize workforce efficiency.
Which feature of managerial accounting
reports makes them useful for this
purpose?
what describes managerial accounting they are prepared to meet the internal decision making needs of management
reports?
what is the role of the SEC in influencing it enforces financial reporting rules established by FASB
accounting standards?
an auditor purchases stock in a company Independence and objectivity
they are responsible for auditing. What
AIPCA code of conduct was violated?
when reviewing the income statement , it Revenues are greater than expenses
shows the amount of net income earned
for the period. How should the business
interpret net income based on previous
information provided?
CORRECT Answers
What time period did accounting increase The industrial revolution
importance to society?
How did the Sarbanes-Oxley Act of 2002 Increases the responsibility
have an impact on corporate social
responsibility?
What characteristic describe the purpose provides the financial data in standardized reports for external reports
of financial accounting?
A company is assessing its monthly labor They are tailored to meet the specific needs of internal decision making
costs to optimize workforce efficiency.
Which feature of managerial accounting
reports makes them useful for this
purpose?
what describes managerial accounting they are prepared to meet the internal decision making needs of management
reports?
what is the role of the SEC in influencing it enforces financial reporting rules established by FASB
accounting standards?
an auditor purchases stock in a company Independence and objectivity
they are responsible for auditing. What
AIPCA code of conduct was violated?
when reviewing the income statement , it Revenues are greater than expenses
shows the amount of net income earned
for the period. How should the business
interpret net income based on previous
information provided?
