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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:

WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

1. Match each accounting term with its definition.
Answer options may be used more than once or not at all.
Select your answer from the pull-down list.

2. What can be deduced when a company has an asset turnover of 0.95?

A) The company was able to generate $0.95 in profit for each dollar in assets
B) The company was able to generate $0.95 in liabilities for each dollar in assets
C) The company was able to generate $0.95 in sales for each dollar in assets
D) The company was able to generate $0.95 in equity for each dollar in assets

3. Which action should a managerial accountant consider taking if confronted by an ethical conflict?

A) Report directly to the chief executive officer
B) Confer with any stakeholder in the organization
C) Consult with a coworker
D) Use an objective advisor confidentially

4. What does the overall economic performance of a company for a given time period represent?

A) Whether or not a company's sales exceed the costs of the products sold for a given time period
B) The overall market value of the company
C) The net income of the company
D) Whether or not cash received from sales exceeds cash paid for business expenses for a given time period

5. Where should a company report cash payments to acquire or construct long-term fixed assets on a statement of cash flows?

A) Cash flows from financing activities
B) Cash flows from investing activities
C) Cash flows from business activities
D) Cash flows from operating activities

Solutions: