WGU D363 SECTION 1 ASSESMENT EXAM 2025 WITH
ACCURATE SOLUTIONS
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
,Which financial statement is Malik reviewing?
A) Income and expense statement
B) Cash-flow statement
C) Cash equivalent statement
D) Balance sheet - CORRECT -D) Balance sheet
Diego is reviewing his personal budget to see where he can
control his spending so he can save more money each month.
Which type of expenses would Diego be reviewing?
A) Fixed
B) Variable
C) Recurring
D) Surplus - CORRECT -B) Variable
Mei receives $5,000 per month in after-tax pay. She is reviewing
the following information for the current month.
, Category(Income)/Expense
Income: ($5,000)
Rent: $1,200
Electricity: $150
Automobile loan: $250
Groceries: $150
Internet: $60
Mobile Phone: $80
Which type of financial statement is Mei reviewing?
A) Net worth statement
B) Cash equivalent statement
C) Cash-flow statement
D) Balance sheet - CORRECT -C) Cash-flow
statement
Fatima noticed that she consistently has $300 left over each
month, so she wants to start saving money. She researches the
ACCURATE SOLUTIONS
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
,Which financial statement is Malik reviewing?
A) Income and expense statement
B) Cash-flow statement
C) Cash equivalent statement
D) Balance sheet - CORRECT -D) Balance sheet
Diego is reviewing his personal budget to see where he can
control his spending so he can save more money each month.
Which type of expenses would Diego be reviewing?
A) Fixed
B) Variable
C) Recurring
D) Surplus - CORRECT -B) Variable
Mei receives $5,000 per month in after-tax pay. She is reviewing
the following information for the current month.
, Category(Income)/Expense
Income: ($5,000)
Rent: $1,200
Electricity: $150
Automobile loan: $250
Groceries: $150
Internet: $60
Mobile Phone: $80
Which type of financial statement is Mei reviewing?
A) Net worth statement
B) Cash equivalent statement
C) Cash-flow statement
D) Balance sheet - CORRECT -C) Cash-flow
statement
Fatima noticed that she consistently has $300 left over each
month, so she wants to start saving money. She researches the
