WGU C213 Final Exam (Fully Updated 2025-2026) Real Exam Questions + Verified & Rationalized Answers
WGU C213 FINAL EXAM
(Fully Updated 2025-2026) Real Exam
Questions + Verified & Rationalized
Answers
100% Guarantee Pass
This Exam contains: WGU C213 Final
✓ Exam
✓ 100% Accurate Questions and Answers
100% Guarantee Pass - Verified by
✓ Experts
✓ Each Question Includes Correct Answer
Updated for 2025-2026 Exam
✓ Requirements
Trusted by thousands of students and professionals worldwide
Trusted by thousands of students and professionals worldwide Page 1 of 28
, WGU C213 Final Exam (Fully Updated 2025-2026) Real Exam Questions + Verified & Rationalized Answers
Question 1
Order of assets listed on the balance sheet
Correct Answer
Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take
to covert an asset into cash. Obviously, cash would be listed first, followed by marketable
investments (a company can quickly convert a short-term investment into cash). Accounts
receivable would be listed next followed by inventory, and long-term investments, fixed assets,
and intangibles.
Current assets are listed before long-term assets.
Current liabilities are listed before long-term liabilities, but there is no specific order they are
listed in outside of current and long-term.
There is also no specific order equity accounts are listed on the balance sheet; although, typically
you will see paid-in-capital followed by retained earnings followed by accumulated other
comprehensive income, and lastly, treasury stock.
Question 2
Difference between a manufacturing company and a service company.
Period Costs Product Costs
Service Co. Selling Costs Direct Labor
Administrative Costs Service Overhead
Manufacturing Co Selling Costs Direct Labor
Administrative Costs Manufacturing Overhead
Direct Materials (inventory
Correct Answer
The only difference is - a manufacturing company has direct materials (inventory).
Trusted by thousands of students and professionals worldwide Page 2 of 28
, WGU C213 Final Exam (Fully Updated 2025-2026) Real Exam Questions + Verified & Rationalized Answers
Question 3
Evaluating a historical income statement to project a future income statement.
Projected growth for 2017 = 10% increase over 2016 sales.
Step 1: Convert the income statement into a common-sized income statement.
Step 2: Multiply 2016 sales by 1.10 (10% growth) to get the forecasted 2017 sales. Then multiply the
projected 2017 sales by the percentages from step 1.
Now, what would you do if you were given the 2017 sales figure and you need to calculate the 2016
sales figure based off the 10% growth for 2017?
Correct Answer
Calculation for 2016: 110,.10 = 100,000
Trusted by thousands of students and professionals worldwide Page 3 of 28
WGU C213 FINAL EXAM
(Fully Updated 2025-2026) Real Exam
Questions + Verified & Rationalized
Answers
100% Guarantee Pass
This Exam contains: WGU C213 Final
✓ Exam
✓ 100% Accurate Questions and Answers
100% Guarantee Pass - Verified by
✓ Experts
✓ Each Question Includes Correct Answer
Updated for 2025-2026 Exam
✓ Requirements
Trusted by thousands of students and professionals worldwide
Trusted by thousands of students and professionals worldwide Page 1 of 28
, WGU C213 Final Exam (Fully Updated 2025-2026) Real Exam Questions + Verified & Rationalized Answers
Question 1
Order of assets listed on the balance sheet
Correct Answer
Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take
to covert an asset into cash. Obviously, cash would be listed first, followed by marketable
investments (a company can quickly convert a short-term investment into cash). Accounts
receivable would be listed next followed by inventory, and long-term investments, fixed assets,
and intangibles.
Current assets are listed before long-term assets.
Current liabilities are listed before long-term liabilities, but there is no specific order they are
listed in outside of current and long-term.
There is also no specific order equity accounts are listed on the balance sheet; although, typically
you will see paid-in-capital followed by retained earnings followed by accumulated other
comprehensive income, and lastly, treasury stock.
Question 2
Difference between a manufacturing company and a service company.
Period Costs Product Costs
Service Co. Selling Costs Direct Labor
Administrative Costs Service Overhead
Manufacturing Co Selling Costs Direct Labor
Administrative Costs Manufacturing Overhead
Direct Materials (inventory
Correct Answer
The only difference is - a manufacturing company has direct materials (inventory).
Trusted by thousands of students and professionals worldwide Page 2 of 28
, WGU C213 Final Exam (Fully Updated 2025-2026) Real Exam Questions + Verified & Rationalized Answers
Question 3
Evaluating a historical income statement to project a future income statement.
Projected growth for 2017 = 10% increase over 2016 sales.
Step 1: Convert the income statement into a common-sized income statement.
Step 2: Multiply 2016 sales by 1.10 (10% growth) to get the forecasted 2017 sales. Then multiply the
projected 2017 sales by the percentages from step 1.
Now, what would you do if you were given the 2017 sales figure and you need to calculate the 2016
sales figure based off the 10% growth for 2017?
Correct Answer
Calculation for 2016: 110,.10 = 100,000
Trusted by thousands of students and professionals worldwide Page 3 of 28
