WGU C213 OA 2024 ACCOUNTING FOR DECISION MAKERS WITH 250 REAL EXAM QUESTIONS AND 100% CORRECT VERIFIED ANSWERS ALREADY GRADED A+ / WGU C213 OBJECTIVE ASSESSMENT 2024 REAL LATEST EXAM (BRAND NEW!!!)
Where would an investor find a summary of a company's significant accounting
policies? - ANSWER-In the notes to the financial statements
A furniture company using accrual accounting purchased 20 sofas in November
2011, In December 2011, 8 of the sofas were sold to customers. The customers all
signed contracts agreeing to pay half the amount owed in February 2012 and the
remaining half in March 2012. At the time of sale, the company was reasonably
sure the customers would pay the amount owed.
In which month should advertising costs be expended? - ANSWER-November
2011
On May 1, 2011, a company using accrual accounting purchased equipment
costing $500,000. It expects the equipment to have a useful life of five years. At
the time of purchase, the company also purchased a one-year insurance policy on
this equipment, which cost $6,000.
How much insurance expense should the company have recognized of the year
ending in 2011? - ANSWER-$4,000
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