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WGU Accounting-for-Decision-Makers

Accounting-for-Decision-Makers

Exam Code: Accounting-for-Decision-Makers

Exam Name: WGU Accounting for Decision Makers C213 VAC2

Updated: Jun 21, 2026

Q&A Number: 71 Q&As

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WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

1. Which financial statement is used to determine a company's income and expenses for a specific period?

A) Statement of retained earnings
B) Statement of cash flows
C) Balance sheet
D) Income statement


2. What does management accounting present?

A) Information regarding the qualifications of managers to help shareholders make decisions
B) Data to predict inconsistencies in finances to help users within a company make decisions
C) Detailed data regarding a business's overall economic performance to help outside stakeholders make decisions
D) Information regarding a business's overall economic performance to help shareholders make decisions


3. What does it mean if a company has a debt ratio of 101.5%?

A) The company has 1.5% more total liabilities than total assets
B) The company has 1.5% more total liabilities than net income
C) The company has 1.5% more current liabilities than current assets
D) The company has 1.5% more total liabilities than gross sales


4. Which formula yields a cash times interest earned ratio of 11?

A) Cash before interest and taxes of $11,000 / cash paid for income taxes of $1,000
B) Cash before interest and taxes of $11,000 / cash paid for interest of $1,000
C) Cash before interest and taxes of $11,000 / cash paid for acquisitions of $1,000
D) Cash before interest and taxes of $11,000 / cash from operations of $1,000


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

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


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: B
Question # 5
Answer: D

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