WGU C213 ACCOUNTING FOR DECISION MAKERS OBJECTIVE ASSESSMENT AND PRE
ASSESSMENT ACTUAL EXAMS 2025/2026 ACCURATE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% EXPERT VERIFIED SOLUTIONS) NEWEST UPDATED VERSION
|GUARANTEED PASS A+
Accounting - (ANSWER)A system of providing "quantitative information, primarily financial in nature,
about economic entities that is intended to be useful in making economic decisions."
Accounting Equation - (ANSWER)Assets = Liabilities + Owners' Equity
Accounts Payable - (ANSWER)The flip side of accounts receivable—when one company sells on credit,
creating for itself an account receivable, the company on the other side of the transaction is buying on
credit, creating an account payable.
Accounts Receivable - (ANSWER)Amounts owed to a business by its credit customers and are usually
collected in cash within 10 to 60 days.
Accrual Accounting - (ANSWER)The process that accountants use in adjusting raw transaction data into
refined measures of a firm's economic performance.
Accumulated Depreciation - (ANSWER)Reflects the wear and tear, or depreciation, of these items since
they were originally purchased.
Accumulated Other Comprehensive Income - (ANSWER)The grouped together and reported changes
which companies experience increases and decreases in equity each year because of the movement of
market prices or exchange rates
Activity-based Costing (ABC) - (ANSWER)A method of attributing overhead costs to products based on
measurable factors that relate to activities that create overhead costs.
Additional Paid-in Capital - (ANSWER)Invested by stockholders that exceeds the par value of the issued
shares.
American Institute of Certified Public Accountants (AICPA) - (ANSWER)The professional organization of
certified public accountants in the United States.
,WGU C213 ACCOUNTING FOR DECISION MAKERS OBJECTIVE ASSESSMENT AND PRE
ASSESSMENT ACTUAL EXAMS 2025/2026 ACCURATE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% EXPERT VERIFIED SOLUTIONS) NEWEST UPDATED VERSION
|GUARANTEED PASS A+
Asset - (ANSWER)Probable future economic benefit obtained or controlled by a particular entity as a
result of past transactions or events.
Asset Mix - (ANSWER)The proportion of total assets in each asset category, is determined to a large
degree by the industry in which the company operates.
Asset Turnover - (ANSWER)Sales divided by assets and is interpreted as the number of dollars in sales
generated by each dollar of assets.
Assets - (ANSWER)The firm's economic resources, formally defined as "probable future economic
benefits obtained or controlled by a particular entity as a result of past transactions or events
Assets-to-equity Ratio - (ANSWER)Assets divided by equity and is interpreted as the number of dollars of
assets acquired for each dollar invested by stockholders.
Audit Committee - (ANSWER)Members of a company's board of directors who are responsible for
dealing with the external and internal auditors.
Average Collection Period - (ANSWER)Shows the average number of days that elapse between sale and
cash collection.
Balance Sheet - (ANSWER)A listing of an organization's assets and of its liabilities at a certain time.
Batch-level Activities - (ANSWER)Activities that take place in order to support a batch or production run,
regardless of the size of the batch.
Book Value - (ANSWER)The book value of an asset is the asset's cost minus the asset's accumulated
depreciation.
, WGU C213 ACCOUNTING FOR DECISION MAKERS OBJECTIVE ASSESSMENT AND PRE
ASSESSMENT ACTUAL EXAMS 2025/2026 ACCURATE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% EXPERT VERIFIED SOLUTIONS) NEWEST UPDATED VERSION
|GUARANTEED PASS A+
Bookkeeping - (ANSWER)The preservation of a systematic, quantitative record of an activity.
Breakeven Point - (ANSWER)The amount of sales at which total costs of the number of units sold equal
total revenues; the point at which there is no profit or loss.
Capital Budgeting - (ANSWER)Systematic planning for long-term investments in operating assets.
Capital Lease Obligations - (ANSWER)A long-term liability in the balance sheet.
Cash - (ANSWER)Coins and currency as well as the balances in company checking and savings accounts.
Cash Budget - (ANSWER)An important tool in helping management plan its cash needs. This discussion
briefly introduces you to budgeting cash receipts.
Cash Equivalents - (ANSWER)Short-term, highly liquid investments such as Treasury bills, commercial
paper, and money market funds.
Cash Flow Adequacy Ratio - (ANSWER)Cash from operations divided by expenditures for fixed asset
additions and acquisitions of new businesses
Cash Times Interest Earned Ratio - (ANSWER)A financial analysis tool that indicates the interest payment
ability of an entity
Certified Public Accountant - (ANSWER)A person who has taken a minimum number of college-level
accounting classes, has passed the dreaded CPA exam, and has met other requirements set by his or her
state.
ASSESSMENT ACTUAL EXAMS 2025/2026 ACCURATE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% EXPERT VERIFIED SOLUTIONS) NEWEST UPDATED VERSION
|GUARANTEED PASS A+
Accounting - (ANSWER)A system of providing "quantitative information, primarily financial in nature,
about economic entities that is intended to be useful in making economic decisions."
Accounting Equation - (ANSWER)Assets = Liabilities + Owners' Equity
Accounts Payable - (ANSWER)The flip side of accounts receivable—when one company sells on credit,
creating for itself an account receivable, the company on the other side of the transaction is buying on
credit, creating an account payable.
Accounts Receivable - (ANSWER)Amounts owed to a business by its credit customers and are usually
collected in cash within 10 to 60 days.
Accrual Accounting - (ANSWER)The process that accountants use in adjusting raw transaction data into
refined measures of a firm's economic performance.
Accumulated Depreciation - (ANSWER)Reflects the wear and tear, or depreciation, of these items since
they were originally purchased.
Accumulated Other Comprehensive Income - (ANSWER)The grouped together and reported changes
which companies experience increases and decreases in equity each year because of the movement of
market prices or exchange rates
Activity-based Costing (ABC) - (ANSWER)A method of attributing overhead costs to products based on
measurable factors that relate to activities that create overhead costs.
Additional Paid-in Capital - (ANSWER)Invested by stockholders that exceeds the par value of the issued
shares.
American Institute of Certified Public Accountants (AICPA) - (ANSWER)The professional organization of
certified public accountants in the United States.
,WGU C213 ACCOUNTING FOR DECISION MAKERS OBJECTIVE ASSESSMENT AND PRE
ASSESSMENT ACTUAL EXAMS 2025/2026 ACCURATE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% EXPERT VERIFIED SOLUTIONS) NEWEST UPDATED VERSION
|GUARANTEED PASS A+
Asset - (ANSWER)Probable future economic benefit obtained or controlled by a particular entity as a
result of past transactions or events.
Asset Mix - (ANSWER)The proportion of total assets in each asset category, is determined to a large
degree by the industry in which the company operates.
Asset Turnover - (ANSWER)Sales divided by assets and is interpreted as the number of dollars in sales
generated by each dollar of assets.
Assets - (ANSWER)The firm's economic resources, formally defined as "probable future economic
benefits obtained or controlled by a particular entity as a result of past transactions or events
Assets-to-equity Ratio - (ANSWER)Assets divided by equity and is interpreted as the number of dollars of
assets acquired for each dollar invested by stockholders.
Audit Committee - (ANSWER)Members of a company's board of directors who are responsible for
dealing with the external and internal auditors.
Average Collection Period - (ANSWER)Shows the average number of days that elapse between sale and
cash collection.
Balance Sheet - (ANSWER)A listing of an organization's assets and of its liabilities at a certain time.
Batch-level Activities - (ANSWER)Activities that take place in order to support a batch or production run,
regardless of the size of the batch.
Book Value - (ANSWER)The book value of an asset is the asset's cost minus the asset's accumulated
depreciation.
, WGU C213 ACCOUNTING FOR DECISION MAKERS OBJECTIVE ASSESSMENT AND PRE
ASSESSMENT ACTUAL EXAMS 2025/2026 ACCURATE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% EXPERT VERIFIED SOLUTIONS) NEWEST UPDATED VERSION
|GUARANTEED PASS A+
Bookkeeping - (ANSWER)The preservation of a systematic, quantitative record of an activity.
Breakeven Point - (ANSWER)The amount of sales at which total costs of the number of units sold equal
total revenues; the point at which there is no profit or loss.
Capital Budgeting - (ANSWER)Systematic planning for long-term investments in operating assets.
Capital Lease Obligations - (ANSWER)A long-term liability in the balance sheet.
Cash - (ANSWER)Coins and currency as well as the balances in company checking and savings accounts.
Cash Budget - (ANSWER)An important tool in helping management plan its cash needs. This discussion
briefly introduces you to budgeting cash receipts.
Cash Equivalents - (ANSWER)Short-term, highly liquid investments such as Treasury bills, commercial
paper, and money market funds.
Cash Flow Adequacy Ratio - (ANSWER)Cash from operations divided by expenditures for fixed asset
additions and acquisitions of new businesses
Cash Times Interest Earned Ratio - (ANSWER)A financial analysis tool that indicates the interest payment
ability of an entity
Certified Public Accountant - (ANSWER)A person who has taken a minimum number of college-level
accounting classes, has passed the dreaded CPA exam, and has met other requirements set by his or her
state.
