C213
C213
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WGU C213 TEST QUESTIONS WITH GUARANTEED CORRECT ANSWERS
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Financial statement analysis - correct answer Involves relationships and trends 
 
Analyzing financial statements, prognosis is - correct answer Prediction of how a business will perform in the future 
 
External users of financial statements use financial statement analysis for - correct answer Investing decisions 
 
Purpose of financial statement analysis - correct answer Diagnosis and Prognosis 
 
Liquidity - correct answer Ability a company has to pay its debts in the short run 
 
Asset turn...
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WGU C213 UPDATED ACTUAL Exam Questions and CORRECT Answers
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WGU C213 UPDATED ACTUAL Exam 
Questions and CORRECT Answers 
Trading on the NYSE is executed without a specialist (i.e. a market maker). (T/F) - CORRECT 
ANSWER F 
Stocks and bonds are two types of financial instruments (T/F) - CORRECT ANSWER 
The matching principle in accrual accounting requires that: 
T 
a. Revenues be recognized when the earnings process is complete and matches expenses to 
revenues recognized. 
b. Expenses are matched to the year in which they are incurred
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WGU c213 study guide UPDATED ACTUAL Exam Questions and CORRECT Answers
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WGU c213 study guide UPDATED ACTUAL 
Exam Questions and CORRECT Answers 
purpose of accounting - CORRECT ANSWER Accounting is the recording of the day-to-day 
financial activities of a company and the organization of that information into summary reports 
used to evaluate the company's financial status. 
Bookkeeping is a part of accounting. Bookkeeping refers to the process of recording transactions 
into various accounts, which is the first step in accounting. The next step is to anal...
WGU C213 UPDATED FINAL EXAM 2025/2026 
ACCOUNTING FOR DECISION MAKERS 
WESTERN GOVERNORS UNIVERSITY
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C213 2025/2026 Exam Questions and Verified Answers | Already Graded A+
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C213 2025/2026 Exam Questions and 
Verified Answers | Already Graded A+ 
 
 
What two items of information are revealed on the balance sheet?Choose 2 
answers 
 
1. Ownership 
 
2. Debt 
 
3. Expenses 
 
4. Revenues 
 
5. Costs -
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WGU C213 Verified Multiple Choice and Conceptual Actual Final Exam Questions With Reviewed 100% Correct Detailed Answers Guaranteed Pass!!Current Update
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WGU C213 Verified Multiple Choice and Conceptual 
Actual Final Exam Questions With Reviewed 100% 
Correct Detailed Answers 
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1. Diversification protects against 
a. Systematic risk 
b. Market risk 
c. Idiosyncratic risk 
d. Inflation risk - ANSWER 
c 
2. Which is the best diversification for stock investment? 
a. Auto company and grocery chain 
b. Walmart and Costco 
c. Home buider and auto company 
d. Boeing and Lockheed - ANSWER 
a 
3. I...
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wgu Accounting for Decision Makers – C213 practice UPDATED ACTUAL Exam Questions and CORRECT Answers
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wgu Accounting for Decision Makers – C213 
practice UPDATED ACTUAL Exam 
Questions and CORRECT Answers 
What does accounting focus on? - CORRECT ANSWER The impact a business's activities 
have on its overall financial performance 
Which report summarizes cash collections and cash expenditures from operating, investing, and 
financing activities over a period of time? - CORRECT ANSWER 
Statement of cash flows 
Which users would have a primary concern with an organization's abili...
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WGU c213 test UPDATED ACTUAL Exam Questions and CORRECT Answers
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WGU c213 test UPDATED ACTUAL Exam 
Questions and CORRECT Answers 
Accounting - CORRECT ANSWER the recording of the day-to-day financial activities of a 
company and the organization of that information into summary reports used to evaluate the 
company's financial status 
Bookkeeping - CORRECT ANSWER the preservation of a systematic, quantitative record of 
an activity 
accounting system - CORRECT ANSWER used by a business to handle routine bookkeep
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WGU C213 Verified Multiple Choice and Conceptual Actual Final Exam Questions With Reviewed 100% Correct Detailed Answers Guaranteed Pass!!Current Update
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WGU C213 Verified Multiple Choice and Conceptual 
Actual Final Exam Questions With Reviewed 100% 
Correct Detailed Answers 
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1. The SGR measures: 
a. Historical dividend growth rate 
b. Sales growth rate 
c. Potential sales growth with internal funding 
d. None of the above - ANSWER 
c 
2. The SEC Securities & Exchange Commission requires public companies to do 
the following: 
a. File audited financial statements with SEC 
b. Change CEOs on a r...
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WGU C213 Accounting for Decision Makers UPDATED ACTUAL Exam Questions and CORRECT Answers
- Exam (elaborations) • 10 pages • 2025
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WGU C213 Accounting for Decision Makers 
UPDATED ACTUAL Exam Questions and 
CORRECT Answers 
Accounting - CORRECT ANSWER the recording of the day-to-day financial activities of a 
company and the organization of that information into summary reports used to evaluate the 
company's financial status 
Bookkeeping - CORRECT ANSWER the preservation of a systematic, quantitative record of 
an activity 
accounting system - CORRECT ANSWER used by a business to handle routine bookkeeping 
...
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