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WGU C214 OA Financial Management Practice Test Questions and Answers (Verified Answers)

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WGU C214 OA Financial Management Practice Test Questions and Answers (Verified Answers) 1 / 8 1. Trading on the NYSE is executed without a specialist (i.e. a market maker). True or False?: False ... 2. Stocks and Bonds are two types of financial instruments.True or False?- : True 3. When revenue is matched with cost of sales in an Income statement it is called?: Matching principle 4. Basic balance sheet equation is what?: Equity = Assets - Liabilities 5. Why is the balance sheet known as the permanent statement?: Because the other statements are reset at the end of the fiscal year. 6. How do you calculate the change in retained earnings?: Net income-dividends 7. Sales - Cost of Sales - other expenses =: Operating Income or EBiT 8. Name four accounts that are part of total assets?: Cash, Accounts receivable, inventory, long term assets 9. Name three accounts that are part of total liabilities?: Bonds, accounts payable and mortgage 10. Name four accounts that are part of current assets?: Inventory, cash, accounts receivable and short term investments. 11. Name three accounts that are only included in cash flow from financing?- : Common stock, dividends paid and bonds payable 12. Define the statement of cash flows?: Calculated for the same period of time as the incomes statement is calculated based on the income statement and changes in the balance sheet is one of the three basic accounting statements. 13. When fixed assets increase what happens to cash?: Cash will decrease 14. What is the purpose of the statement of cash flows?: Explains the change in cash over the course of the specified time frame. [Show More]

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WGU C214 OA Financial Management Exam Questions and Answers (2022/2023) (Verified Answers) WGU C214 Financial Management Concepts Practice Exam 152 Questions with Correct Answers WGU C214 OA Fin...

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