WGU D076 PA | 58 Questions with 100% Correct Answers | Verified

WGU D076 PA | 58 Questions with 100% Correct Answers | Verified In which way is accounting different from finance? -Accounting is backward looking, while finance is focused on the future. -Accounting is about budgeting, saving, and borrowing, while finance is about investing, forecasting, and lending. -Accounting is focused on allocating capital, while finance is focused on bringing in capital. -Accounting forecasts future performance, given the past, while finance records past performance. - Accounting is backward looking, while finance is focused on the future. What is the main question that both individuals and companies must consider when making financial decisions to reach a goal? -Will utility be maximized through this decision? -Will this decision require debt or equity financing? -Will the benefits of the action outweigh the costs?