WGU C213 |OA | Objective Assessment
|Accurate| Verified
Correct
Incorrect
1 of 200
Term
Block Company sells three products, each with a different per-unit
contribution margin.To compute Block Company's break-even point in
units, it is necessary to know:
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The company's total fixed costs The sales mix
The per-unit contribution margin of All of these are needed to
each product sold compute break-even point
Don't know?
2 of 200
,Term
When does the Securities and Exchange Commission (SEC) typically
require a company to submit a registration statement to the SEC for
approval?
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When the company receives a
When the company has experienced
disclaimer of opinion from the
a major fraud
external auditors
When the company issues new When the company receives a
debt or stock securities to the qualified opinion from the external
public auditors
Don't know?
3 of 200
Term
Costs that are incurred during the normal operations of a business to
generate revenues are called
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, Expenses Assets
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4 of 200
Term
The idea that the activities of the entity are to be separated from those
of the individual owner is the
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Separate entity concept Money measurement concept
Going concern assumption Arm's-length transaction assumption
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5 of 200
Term
Which of the following would be reported as a financing activity on a
statement of cash flows?
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, Proceeds from the sale of land Payment of interest
Purchase of treasury stock Receipt of a dividend
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6 of 200
Term
Which of the following is NOT a reason for problems occurring in the
financial statements?
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Fraud Safeguards
Disagreement Errors
Don't know?
7 of 200
Term
Which of the following does Sarbanes-Oxley NOT require
management to do?
|Accurate| Verified
Correct
Incorrect
1 of 200
Term
Block Company sells three products, each with a different per-unit
contribution margin.To compute Block Company's break-even point in
units, it is necessary to know:
Give this one a try later!
The company's total fixed costs The sales mix
The per-unit contribution margin of All of these are needed to
each product sold compute break-even point
Don't know?
2 of 200
,Term
When does the Securities and Exchange Commission (SEC) typically
require a company to submit a registration statement to the SEC for
approval?
Give this one a try later!
When the company receives a
When the company has experienced
disclaimer of opinion from the
a major fraud
external auditors
When the company issues new When the company receives a
debt or stock securities to the qualified opinion from the external
public auditors
Don't know?
3 of 200
Term
Costs that are incurred during the normal operations of a business to
generate revenues are called
Give this one a try later!
, Expenses Assets
Don't know?
4 of 200
Term
The idea that the activities of the entity are to be separated from those
of the individual owner is the
Give this one a try later!
Separate entity concept Money measurement concept
Going concern assumption Arm's-length transaction assumption
Don't know?
5 of 200
Term
Which of the following would be reported as a financing activity on a
statement of cash flows?
Give this one a try later!
, Proceeds from the sale of land Payment of interest
Purchase of treasury stock Receipt of a dividend
Don't know?
6 of 200
Term
Which of the following is NOT a reason for problems occurring in the
financial statements?
Give this one a try later!
Fraud Safeguards
Disagreement Errors
Don't know?
7 of 200
Term
Which of the following does Sarbanes-Oxley NOT require
management to do?
