WGU C213- Accounting for Decision Makers Pre Assessment 2023- Already Solved

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What does accounting focus on? ***The impact a business's activities have on its overall financial performance Which report summarizes cash collections and cash expenditures from operating, investing... , and financing activities over a period of time? ***Statement of cash flows Which users would have a primary concern with an organization's ability to provide healthcare benefits? ***Employees Which body regulates a certified public accounting firm's audit practices when the firm is auditing a large publicly traded company? ***The Public Company Accounting Oversight Board (PCAOB) What has had the most significant impact on accounting practices? ***Information technology What two items of information are revealed on the balance sheet? Choose 2 answers ***Ownership. Debt Which term is defined as the residual interest in the net assets of a company? ***Owners' equity A corporation has total liabilities of $300 million, total owners' equity of $100 million, and current assets of $50 million. What is the value of the firm's long-term assets? ***$350 million [Show More]

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