(Top QUALITY 2024/2025 EXAM REVIEW) WGU C214 Financial Management OA, Questions and answers, 100% Accurate, Graded A+

WGU C214 Financial Management OA, Questions and answers, 100% Accurate, Graded A+ Trading on the NYSE is executed without a specialist (i.e. a market maker). True or False? - -False Stocks and Bonds are two types of financial instruments. True or False? - -True When revenue is matched with cost of sales in an Income statement it is called? - -Matching principle Basic balance sheet equation is what? - -Equity = Assets - Liabilities Why is the balance sheet known as the permanent statement? - -Because the other statements are reset at the end of the fiscal year. How do you calculate the change in retained earnings? - -Net income-dividends Sales - Cost of Sales - other expenses = - -Operating Income or EBiT Name four accounts that are part of total assets? - -Cash, Accounts receivable, inventory, long term assets Name three accounts that are part of total liabilities? - -Bonds, accounts payable and mortgage Name four accounts that are part of current assets? - -Inventory, cash, accounts receivable and short term investments