08/08/2025, 08:30 D102 Financial Accounting WGU EXAM QUESTIONS AND VERIFIED ANSWERS 2025(GRADED A+) DETAILED ANSWERS!! Fl…
D102 Financial Accounting WGU EXAM
QUESTIONS AND VERIFIED ANSWERS
2025(GRADED A+) DETAILED ANSWERS!!
Save
Terms in this set (52)
What information is Report of a company's financial position as of a point
contained in a balance in time.
sheet?
What is an owners' equity Capital Stock
item?
Accounts receivable
Loans payable
Capital stock
Cash
A company ended July $90,000
with assets of $150,000
and owner's equity of
$60,000.
What is the amount of
liabilities at the end of
July?
https://quizlet.com/1064556476/d102-financial-accounting-wgu-exam-questions-and-verified-answers-2025graded-a-detailed-answers-flash-cards/?new 1/16
,08/08/2025, 08:30 D102 Financial Accounting WGU EXAM QUESTIONS AND VERIFIED ANSWERS 2025(GRADED A+) DETAILED ANSWERS!! Fl…
What is reported in a Gross Profit
multiple-step income
statement that is not
reported in a single-step
income statement?
How is gross profit Sales minus cost of goods sold.
computed?
The following are some Sales, cost of goods sold, and income tax expense.
accounts from a
company's financial
statements:
(accounts receivable, cost
of goods sold, cash,
retained earnings, sales,
inventory, income tax
expense, accounts
payable)
Which set is a list of all of
the items that are used in
computing this company's
net income?
What cash flow category Financing
contains activities
whereby cash is obtained
from or repaid to owners
or creditors?
https://quizlet.com/1064556476/d102-financial-accounting-wgu-exam-questions-and-verified-answers-2025graded-a-detailed-answers-flash-cards/?new 2/16
, 08/08/2025, 08:30 D102 Financial Accounting WGU EXAM QUESTIONS AND VERIFIED ANSWERS 2025(GRADED A+) DETAILED ANSWERS!! Fl…
Here are some financial Cash paid for dividends and cash received as new
statement items for the investment from owners.
year for a company.
Cash received from
customers
Cash received from the
sale of land
Cash paid for dividends
Cash paid to employees
for wages
Cash paid to purchase a
new building
Cash paid for rent
Cash received as new
investment from owners
Which set of items is a list
of items that are used in
computing the company's
financing cash flow for the
year?
https://quizlet.com/1064556476/d102-financial-accounting-wgu-exam-questions-and-verified-answers-2025graded-a-detailed-answers-flash-cards/?new 3/16
D102 Financial Accounting WGU EXAM
QUESTIONS AND VERIFIED ANSWERS
2025(GRADED A+) DETAILED ANSWERS!!
Save
Terms in this set (52)
What information is Report of a company's financial position as of a point
contained in a balance in time.
sheet?
What is an owners' equity Capital Stock
item?
Accounts receivable
Loans payable
Capital stock
Cash
A company ended July $90,000
with assets of $150,000
and owner's equity of
$60,000.
What is the amount of
liabilities at the end of
July?
https://quizlet.com/1064556476/d102-financial-accounting-wgu-exam-questions-and-verified-answers-2025graded-a-detailed-answers-flash-cards/?new 1/16
,08/08/2025, 08:30 D102 Financial Accounting WGU EXAM QUESTIONS AND VERIFIED ANSWERS 2025(GRADED A+) DETAILED ANSWERS!! Fl…
What is reported in a Gross Profit
multiple-step income
statement that is not
reported in a single-step
income statement?
How is gross profit Sales minus cost of goods sold.
computed?
The following are some Sales, cost of goods sold, and income tax expense.
accounts from a
company's financial
statements:
(accounts receivable, cost
of goods sold, cash,
retained earnings, sales,
inventory, income tax
expense, accounts
payable)
Which set is a list of all of
the items that are used in
computing this company's
net income?
What cash flow category Financing
contains activities
whereby cash is obtained
from or repaid to owners
or creditors?
https://quizlet.com/1064556476/d102-financial-accounting-wgu-exam-questions-and-verified-answers-2025graded-a-detailed-answers-flash-cards/?new 2/16
, 08/08/2025, 08:30 D102 Financial Accounting WGU EXAM QUESTIONS AND VERIFIED ANSWERS 2025(GRADED A+) DETAILED ANSWERS!! Fl…
Here are some financial Cash paid for dividends and cash received as new
statement items for the investment from owners.
year for a company.
Cash received from
customers
Cash received from the
sale of land
Cash paid for dividends
Cash paid to employees
for wages
Cash paid to purchase a
new building
Cash paid for rent
Cash received as new
investment from owners
Which set of items is a list
of items that are used in
computing the company's
financing cash flow for the
year?
https://quizlet.com/1064556476/d102-financial-accounting-wgu-exam-questions-and-verified-answers-2025graded-a-detailed-answers-flash-cards/?new 3/16
