WGU C213 ACCOUNTING FOR DECISION MAKERS EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+

WGU C213 ACCOUNTING FOR DECISION MAKERS EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ 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 tasks and to structure the information so it can be used to evaluate the performance and financial status of the business Accounting information Correct Answer: Info that is intended to be useful in making decisions about the future. The balance sheet, the income statement, and the statement of cashflows Correct Answer: What are the three primary financial statements? External Users Correct Answer: Who is financial accounting information primarily prepared for and used by? Managerial Accounting Correct Answer: the name given to accounting systems designed for internal users Balance Sheet Correct Answer: Reports a company's assets, liabilities, and owners' equity Income Statement Correct Answer: reports the amount of net income earned by a company during a period Net income Correct Answer: the excess of a company's revenues over its expenses statement of cash flow