C213 accounting for deci Study guides, Class notes & Summaries

What does accounting focus on? - The impact a business's activities have on it's overall financial performance The idea that the activities of the entity are to be separated from those of the individual owner is the Money measurement concept Going concern assumption Separate entity concept Arm's-length transaction assumption - Separate entity concept Going Concern Assumption - the business will remain in operation for the foreseeable future Separate Entity Concept - The business ...

WGU C213 Accounting For Decision Makers-2 Verified Questions And Answers Rated A+

WGU C213 Accounting for Decision MakersAccounting 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 Assets = Liabilities + Owners' Equity Accounts Payable 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...

C213 Accounting for Decision Makers (VAC2 Terms) with complete solution

WGU C213 Accounting for Decision Makers PVAC with complete solution

1. Prepare 2. Analyze 3. Gather 4. Make decisions 5. Implement 6. Observe. - correct answer Accounting steps. Inside, Internal - correct answer Managerial info is inside or outside the business? True. Financial accounting is only outside. Managerial accounting can be inside AND outside. - correct answer True or false, managerial accounting uses BOTH managerial and financial accounting? Outside, External, includes lenders and investors - correct answer Financial is inside or outside the ...

WGU C213 Accounting for Decision Makers Questions and Answers (2024 / 2025) Updated Latest (Verified Answers)

C213 Accounting for Decision Makers Question and answers correctly solved 2024 "Other Assets" Long-term assets that are not suitable for reporting under any of the previous classifications Accounting 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 Assets = Liabilities + Owners' Equity Accounts Payable The flip side of accounts receivable...

WGU C213 Accounting for Decision Maker Question and answers already passed 2024 Accounting 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 Assets = Liabilities + Owners' Equity Accounts Payable 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 th...