WGU D774 UPDATED ACTUAL Questions and CORRECT Answers
what measurement is highlighted in the Operating Income.
multistep format on the income statement
What item is listed first on the income Revenues
statement
In Which situation does a company support When Products or services are sold
revenue
Which items are used to compute net Revenue and expenses
income
What Items count to be calculated in net Sales, Salary expense, and income tax expense.
income.
According to the accounting equation, ASSETS minus LIABILITES
which computation should be preformed
to determine the company owners equity
What useful information does a It compares this years balance to last years balance.
comparative balance sheet provide?
Which description is a characteristic of Residual amount representing the net assets of a company
owners equity
Which statement describes investment Purchasing and selling property plant and equipment.
activities
Dividends impact retained earnings Dividends impact retained earnings
How does the change in the cash balance It is ignored
for the year impact the computation of the
ending retained earnings balance?
what measurement is highlighted in the Operating Income.
multistep format on the income statement
What item is listed first on the income Revenues
statement
In Which situation does a company support When Products or services are sold
revenue
Which items are used to compute net Revenue and expenses
income
What Items count to be calculated in net Sales, Salary expense, and income tax expense.
income.
According to the accounting equation, ASSETS minus LIABILITES
which computation should be preformed
to determine the company owners equity
What useful information does a It compares this years balance to last years balance.
comparative balance sheet provide?
Which description is a characteristic of Residual amount representing the net assets of a company
owners equity
Which statement describes investment Purchasing and selling property plant and equipment.
activities
Dividends impact retained earnings Dividends impact retained earnings
How does the change in the cash balance It is ignored
for the year impact the computation of the
ending retained earnings balance?
