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Exam (elaborations)
WGU D363 SECTION 1 ASSESMENT EXAM 2025 WITH ACCURATE SOLUTIONS
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---21March 20252024/2025A+
- Sophia is creating a personal budget. She starts by listing her monthly income and expenses. 
Which financial statement did Sophia create? 
A) Cash-flow statement B) Net worth C) Financial ratio 
D) Balance sheet - CORRECT -A) Cash-flow statement 
Malik is reviewing a list of assets and liabilities. He uses the information shown in the table to evaluate his net worth. 
Total Assets: $45,000 Total Liabilities: $22,000 Net Worth: $23,000
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