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WGU Accounting-for-Decision-Makers Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Budgeting and Decision Making | 10–15% | - Relevant information for decision making
|
| Profit Planning | 10–15% | - Cost-volume-profit (CVP) analysis
|
| Cost Systems | 20–25% | - Cost concepts and classification
|
| Financial Analysis | 45–50% | - Financial statement analysis techniques
|
| Controls and Regulations | 10–15% | - Internal control systems and principles
|
WGU Accounting for Decision Makers C213 VAC2 Sample Questions:
Which two items on an income statement result in decreased net income if they are increased?
Choose 2 answers.
- A. Interest expense
- B. Revenues
- C. Cost of goods sold
- D. Gains
Correct Answer: A,C 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
Which overhead cost is associated with batch-level activities?
- A. Factory insurance
- B. Product engineering wages
- C. Machine setups
- D. Property taxes
Correct Answer: C 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
What are two examples of product costs?
Choose 2 answers.
- A. Direct labor
- B. Selling and administrative expenses
- C. Raw materials
- D. Period expenses
Correct Answer: A,C 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
Which current asset on a balance sheet appears first in the traditional category order for U.S.-based companies?
- A. Inventory
- B. Prepaid expenses
- C. Cash
- D. Accounts receivable
Correct Answer: C 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
Which events represent financial information recorded in the accounting system of a business?
- A. Personal events of each business owner during a year
- B. Personal events of each business owner that are likely to occur in the future
- C. Business events that have already occurred
- D. Business events that are likely to occur in the future
Correct Answer: C 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
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