{"id":128213,"date":"2026-06-11T06:22:47","date_gmt":"2026-06-11T06:22:47","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=128213"},"modified":"2026-06-11T06:22:50","modified_gmt":"2026-06-11T06:22:50","slug":"wgu-accounting-for-decision-makers-dumps-v9-02-released-69-practice-questions-for-exam-preparation","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/wgu-accounting-for-decision-makers-dumps-v9-02-released-69-practice-questions-for-exam-preparation.html","title":{"rendered":"WGU Accounting for Decision Makers Dumps V9.02 Released: 69 Practice Questions for Exam Preparation"},"content":{"rendered":"\n<p>Preparing for your WGU Accounting for Decision Makers exam course becomes much easier when you use the most updated dumps. We released the WGU Accounting for Decision Makers dumps V9.02, offering 69 practice questions for your exam preparation. These practice questions, companied with verified answers, closely reflect the latest exam objectives and testing patterns. They are designed to help you understand the Accounting for Decision Makers exam format, identify the key topics, and build confidence before test day. Start your WGU Accounting for Decision Makers exam preparation with DumpsBase today. The Accounting for Decision Makers certification can help open doors to new career opportunities and professional advancement. By combining dedication and regular practice with the latest <strong><em><a href=\"https:\/\/www.dumpsbase.com\/wgu.html\">WGU<\/a><\/em><\/strong> Accounting for Decision Makers exam questions, you can approach the exam with confidence and maximize your chances of success.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Before downloading the V9.02, you can read the free dumps to check the quality first:<\/h2>\n\n\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam12515\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-12515\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-12515\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-487076'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Which ratio provides a measure of how well a company turns sales into profits?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='487076' \/><input type='hidden' id='answerType487076' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487076[]' id='answer-id-1881306' class='answer   answerof-487076 ' value='1881306'   \/><label for='answer-id-1881306' id='answer-label-1881306' class=' answer'><span>Return on sales<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487076[]' id='answer-id-1881307' class='answer   answerof-487076 ' value='1881307'   \/><label for='answer-id-1881307' id='answer-label-1881307' class=' answer'><span>Return on costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487076[]' id='answer-id-1881308' class='answer   answerof-487076 ' value='1881308'   \/><label for='answer-id-1881308' id='answer-label-1881308' class=' answer'><span>Return on expenses<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487076[]' id='answer-id-1881309' class='answer   answerof-487076 ' value='1881309'   \/><label for='answer-id-1881309' id='answer-label-1881309' class=' answer'><span>Return on profit<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-487077'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>Which financial statement is used to determine a company\u2019s income and expenses for a specific period?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='487077' \/><input type='hidden' id='answerType487077' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487077[]' id='answer-id-1881310' class='answer   answerof-487077 ' value='1881310'   \/><label for='answer-id-1881310' id='answer-label-1881310' class=' answer'><span>Balance sheet<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487077[]' id='answer-id-1881311' class='answer   answerof-487077 ' value='1881311'   \/><label for='answer-id-1881311' id='answer-label-1881311' class=' answer'><span>Statement of retained earnings<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487077[]' id='answer-id-1881312' class='answer   answerof-487077 ' value='1881312'   \/><label for='answer-id-1881312' id='answer-label-1881312' class=' answer'><span>Statement of cash flows<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487077[]' id='answer-id-1881313' class='answer   answerof-487077 ' value='1881313'   \/><label for='answer-id-1881313' id='answer-label-1881313' class=' answer'><span>Income statement<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-487078'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>What can be deduced when a company has an asset turnover of 0.95?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='487078' \/><input type='hidden' id='answerType487078' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487078[]' id='answer-id-1881314' class='answer   answerof-487078 ' value='1881314'   \/><label for='answer-id-1881314' id='answer-label-1881314' class=' answer'><span>The company was able to generate $0.95 in sales for each dollar in assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487078[]' id='answer-id-1881315' class='answer   answerof-487078 ' value='1881315'   \/><label for='answer-id-1881315' id='answer-label-1881315' class=' answer'><span>The company was able to generate $0.95 in equity for each dollar in assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487078[]' id='answer-id-1881316' class='answer   answerof-487078 ' value='1881316'   \/><label for='answer-id-1881316' id='answer-label-1881316' class=' answer'><span>The company was able to generate $0.95 in liabilities for each dollar in assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487078[]' id='answer-id-1881317' class='answer   answerof-487078 ' value='1881317'   \/><label for='answer-id-1881317' id='answer-label-1881317' class=' answer'><span>The company was able to generate $0.95 in profit for each dollar in assets<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-487079'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>In January of Year 1, a company began doing business as a corporation in order to sell technology-related accessories and services. <br \/>\r<br>During its first month of operations, the following events occurred: <br \/>\r<br>January 1 <br \/>\r<br>The corporation received $900,000 in cash in exchange for stock issued to stockholders. <br \/>\r<br>January 3 <br \/>\r<br>The corporation borrowed $250,000 from a bank. The loan is a four-year loan with an interest rate of 12%, payable each year on January 1 beginning in Year 2. <br \/>\r<br>January 5 <br \/>\r<br>The corporation purchased equipment to be used in the business for $200,000 cash. <br \/>\r<br>January 8 <br \/>\r<br>The corporation purchased inventory costing $200,000 by paying $120,000 in cash. The remainder was put on credit accounts with suppliers. <br \/>\r<br>January 15 <br \/>\r<br>The corporation hired five employees. Each employee will be paid $1,000 at the end of each month. <br \/>\r<br>January 30 <br \/>\r<br>The corporation paid $6,000 cash for a one-year insurance policy. The policy period will begin on February 1, Year 1. <br \/>\r<br>What will be the impact of the January 1 event on the company\u2019s balance sheet on that date, along with an increase to cash of $900,000?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='487079' \/><input type='hidden' id='answerType487079' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487079[]' id='answer-id-1881318' class='answer   answerof-487079 ' value='1881318'   \/><label for='answer-id-1881318' id='answer-label-1881318' class=' answer'><span>Stockholders\u2019 equity will increase by $900,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487079[]' id='answer-id-1881319' class='answer   answerof-487079 ' value='1881319'   \/><label for='answer-id-1881319' id='answer-label-1881319' class=' answer'><span>Loan payable will increase by $900,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487079[]' id='answer-id-1881320' class='answer   answerof-487079 ' value='1881320'   \/><label for='answer-id-1881320' id='answer-label-1881320' class=' answer'><span>Investments will increase by $900,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487079[]' id='answer-id-1881321' class='answer   answerof-487079 ' value='1881321'   \/><label for='answer-id-1881321' id='answer-label-1881321' class=' answer'><span>Retained earnings will increase by $900,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-487080'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Which act was implemented as a result of the corporate scandals at companies such as Enron and WorldCom?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='487080' \/><input type='hidden' id='answerType487080' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487080[]' id='answer-id-1881322' class='answer   answerof-487080 ' value='1881322'   \/><label for='answer-id-1881322' id='answer-label-1881322' class=' answer'><span>Corporate Accountability Act<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487080[]' id='answer-id-1881323' class='answer   answerof-487080 ' value='1881323'   \/><label for='answer-id-1881323' id='answer-label-1881323' class=' answer'><span>Securities Exchange Act<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487080[]' id='answer-id-1881324' class='answer   answerof-487080 ' value='1881324'   \/><label for='answer-id-1881324' id='answer-label-1881324' class=' answer'><span>Auditing Accountability Act<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487080[]' id='answer-id-1881325' class='answer   answerof-487080 ' value='1881325'   \/><label for='answer-id-1881325' id='answer-label-1881325' class=' answer'><span>Sarbanes-Oxley Act<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-487081'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>What does it mean if a company has a debt ratio of 101.5%?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='487081' \/><input type='hidden' id='answerType487081' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487081[]' id='answer-id-1881326' class='answer   answerof-487081 ' value='1881326'   \/><label for='answer-id-1881326' id='answer-label-1881326' class=' answer'><span>The company has 1.5% more total liabilities than gross sales<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487081[]' id='answer-id-1881327' class='answer   answerof-487081 ' value='1881327'   \/><label for='answer-id-1881327' id='answer-label-1881327' class=' answer'><span>The company has 1.5% more total liabilities than total assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487081[]' id='answer-id-1881328' class='answer   answerof-487081 ' value='1881328'   \/><label for='answer-id-1881328' id='answer-label-1881328' class=' answer'><span>The company has 1.5% more total liabilities than net income<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487081[]' id='answer-id-1881329' class='answer   answerof-487081 ' value='1881329'   \/><label for='answer-id-1881329' id='answer-label-1881329' class=' answer'><span>The company has 1.5% more current liabilities than current assets<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-487082'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>Where should a company report cash payments to acquire or construct long-term fixed assets on a statement of cash flows?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='487082' \/><input type='hidden' id='answerType487082' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487082[]' id='answer-id-1881330' class='answer   answerof-487082 ' value='1881330'   \/><label for='answer-id-1881330' id='answer-label-1881330' class=' answer'><span>Cash flows from business activities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487082[]' id='answer-id-1881331' class='answer   answerof-487082 ' value='1881331'   \/><label for='answer-id-1881331' id='answer-label-1881331' class=' answer'><span>Cash flows from operating activities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487082[]' id='answer-id-1881332' class='answer   answerof-487082 ' value='1881332'   \/><label for='answer-id-1881332' id='answer-label-1881332' class=' answer'><span>Cash flows from investing activities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487082[]' id='answer-id-1881333' class='answer   answerof-487082 ' value='1881333'   \/><label for='answer-id-1881333' id='answer-label-1881333' class=' answer'><span>Cash flows from financing activities<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-487083'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>What purpose do the notes within financial statements serve to the Financial Accounting Standards Board?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='487083' \/><input type='hidden' id='answerType487083' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487083[]' id='answer-id-1881334' class='answer   answerof-487083 ' value='1881334'   \/><label for='answer-id-1881334' id='answer-label-1881334' class=' answer'><span>Providing supplementary information as needed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487083[]' id='answer-id-1881335' class='answer   answerof-487083 ' value='1881335'   \/><label for='answer-id-1881335' id='answer-label-1881335' class=' answer'><span>Summarizing totals of financial statements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487083[]' id='answer-id-1881336' class='answer   answerof-487083 ' value='1881336'   \/><label for='answer-id-1881336' id='answer-label-1881336' class=' answer'><span>Providing a summary of accounting policies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487083[]' id='answer-id-1881337' class='answer   answerof-487083 ' value='1881337'   \/><label for='answer-id-1881337' id='answer-label-1881337' class=' answer'><span>Disclosing financial statistics<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-487084'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>The following list provides partial financial information for a company. <br \/>\r<br>Current assets = $36,543 <br \/>\r<br>Total assets = $58,719 <br \/>\r<br>Current liabilities = $24,824 <br \/>\r<br>Total liabilities = $48,561 <br \/>\r<br>Stockholders' equity = $10,158 <br \/>\r<br>Sales = $46,997 <br \/>\r<br>Net income = $3,761 <br \/>\r<br>Market value of equity = $41,316 <br \/>\r<br>What is the current ratio for this company?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='487084' \/><input type='hidden' id='answerType487084' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487084[]' id='answer-id-1881338' class='answer   answerof-487084 ' value='1881338'   \/><label for='answer-id-1881338' id='answer-label-1881338' class=' answer'><span>1.38<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487084[]' id='answer-id-1881339' class='answer   answerof-487084 ' value='1881339'   \/><label for='answer-id-1881339' id='answer-label-1881339' class=' answer'><span>0.83<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487084[]' id='answer-id-1881340' class='answer   answerof-487084 ' value='1881340'   \/><label for='answer-id-1881340' id='answer-label-1881340' class=' answer'><span>1.47<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487084[]' id='answer-id-1881341' class='answer   answerof-487084 ' value='1881341'   \/><label for='answer-id-1881341' id='answer-label-1881341' class=' answer'><span>4.78<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-487085'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Which balance sheet category reflects what a company owns that can be turned into cash or used to generate cash?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='487085' \/><input type='hidden' id='answerType487085' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487085[]' id='answer-id-1881342' class='answer   answerof-487085 ' value='1881342'   \/><label for='answer-id-1881342' id='answer-label-1881342' class=' answer'><span>Assets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487085[]' id='answer-id-1881343' class='answer   answerof-487085 ' value='1881343'   \/><label for='answer-id-1881343' id='answer-label-1881343' class=' answer'><span>Liabilities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487085[]' id='answer-id-1881344' class='answer   answerof-487085 ' value='1881344'   \/><label for='answer-id-1881344' id='answer-label-1881344' class=' answer'><span>Revenues<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487085[]' id='answer-id-1881345' class='answer   answerof-487085 ' value='1881345'   \/><label for='answer-id-1881345' id='answer-label-1881345' class=' answer'><span>Owners\u2019 equity<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-487086'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>Which body regulates a certified public accounting firm\u2019s audit practices when the firm is auditing a large, publicly traded company?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='487086' \/><input type='hidden' id='answerType487086' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487086[]' id='answer-id-1881346' class='answer   answerof-487086 ' value='1881346'   \/><label for='answer-id-1881346' id='answer-label-1881346' class=' answer'><span>The Financial Accounting Standards Board (FASB)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487086[]' id='answer-id-1881347' class='answer   answerof-487086 ' value='1881347'   \/><label for='answer-id-1881347' id='answer-label-1881347' class=' answer'><span>The Financial Accounting Standards Advisory Council (FASAC)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487086[]' id='answer-id-1881348' class='answer   answerof-487086 ' value='1881348'   \/><label for='answer-id-1881348' id='answer-label-1881348' class=' answer'><span>The Internal Revenue Service (IRS)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487086[]' id='answer-id-1881349' class='answer   answerof-487086 ' value='1881349'   \/><label for='answer-id-1881349' id='answer-label-1881349' class=' answer'><span>The Public Company Accounting Oversight Board (PCAOB)<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-487087'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Which events represent financial information recorded in the accounting system of a business?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='487087' \/><input type='hidden' id='answerType487087' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487087[]' id='answer-id-1881350' class='answer   answerof-487087 ' value='1881350'   \/><label for='answer-id-1881350' id='answer-label-1881350' class=' answer'><span>Business events that are likely to occur in the future<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487087[]' id='answer-id-1881351' class='answer   answerof-487087 ' value='1881351'   \/><label for='answer-id-1881351' id='answer-label-1881351' class=' answer'><span>Business events that have already occurred<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487087[]' id='answer-id-1881352' class='answer   answerof-487087 ' value='1881352'   \/><label for='answer-id-1881352' id='answer-label-1881352' class=' answer'><span>Personal events of each business owner that are likely to occur in the future<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487087[]' id='answer-id-1881353' class='answer   answerof-487087 ' value='1881353'   \/><label for='answer-id-1881353' id='answer-label-1881353' class=' answer'><span>Personal events of each business owner during a year<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-487088'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>A corporation has liabilities and owners\u2019 equity of $100 million and $40 million respectively. <br \/>\r<br>What is the amount of the asset balance in this case?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='487088' \/><input type='hidden' id='answerType487088' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487088[]' id='answer-id-1881354' class='answer   answerof-487088 ' value='1881354'   \/><label for='answer-id-1881354' id='answer-label-1881354' class=' answer'><span>$25 million<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487088[]' id='answer-id-1881355' class='answer   answerof-487088 ' value='1881355'   \/><label for='answer-id-1881355' id='answer-label-1881355' class=' answer'><span>$80 million<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487088[]' id='answer-id-1881356' class='answer   answerof-487088 ' value='1881356'   \/><label for='answer-id-1881356' id='answer-label-1881356' class=' answer'><span>$60 million<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487088[]' id='answer-id-1881357' class='answer   answerof-487088 ' value='1881357'   \/><label for='answer-id-1881357' id='answer-label-1881357' class=' answer'><span>$140 million<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-487089'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>The following list provides partial financial information for a company. <br \/>\r<br>Financial Category | 20X3 | 20X2 <br \/>\r<br>Net income | $3,540 | ? <br \/>\r<br>Cash from operations | $4,417 | ? <br \/>\r<br>Cash paid for capital expenditures | $5,613 | ? <br \/>\r<br>Cash paid for acquisitions | $5,964 | ? <br \/>\r<br>Cash paid for interest | $2,782 | ? <br \/>\r<br>Cash paid for income taxes | $2,860 | ? <br \/>\r<br>What is the cash flow to net income ratio for this company in 20X2?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='487089' \/><input type='hidden' id='answerType487089' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487089[]' id='answer-id-1881358' class='answer   answerof-487089 ' value='1881358'   \/><label for='answer-id-1881358' id='answer-label-1881358' class=' answer'><span>-0.01<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487089[]' id='answer-id-1881359' class='answer   answerof-487089 ' value='1881359'   \/><label for='answer-id-1881359' id='answer-label-1881359' class=' answer'><span>1.35<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487089[]' id='answer-id-1881360' class='answer   answerof-487089 ' value='1881360'   \/><label for='answer-id-1881360' id='answer-label-1881360' class=' answer'><span>1.80<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487089[]' id='answer-id-1881361' class='answer   answerof-487089 ' value='1881361'   \/><label for='answer-id-1881361' id='answer-label-1881361' class=' answer'><span>2.45<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-487090'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Which two item subtotals are included in a multi-step income statement? Choose 2 answers.<\/div><input type='hidden' name='question_id[]' id='qID_15' value='487090' \/><input type='hidden' id='answerType487090' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-487090[]' id='answer-id-1881362' class='answer   answerof-487090 ' value='1881362'   \/><label for='answer-id-1881362' id='answer-label-1881362' class=' answer'><span>Gross profit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-487090[]' id='answer-id-1881363' class='answer   answerof-487090 ' value='1881363'   \/><label for='answer-id-1881363' id='answer-label-1881363' class=' answer'><span>Income from operations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-487090[]' id='answer-id-1881364' class='answer   answerof-487090 ' value='1881364'   \/><label for='answer-id-1881364' id='answer-label-1881364' class=' answer'><span>Current liabilities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-487090[]' id='answer-id-1881365' class='answer   answerof-487090 ' value='1881365'   \/><label for='answer-id-1881365' id='answer-label-1881365' class=' answer'><span>Total assets<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-487091'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which user group of financial statements evaluates the ability to repay loans?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='487091' \/><input type='hidden' id='answerType487091' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487091[]' id='answer-id-1881366' class='answer   answerof-487091 ' value='1881366'   \/><label for='answer-id-1881366' id='answer-label-1881366' class=' answer'><span>Management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487091[]' id='answer-id-1881367' class='answer   answerof-487091 ' value='1881367'   \/><label for='answer-id-1881367' id='answer-label-1881367' class=' answer'><span>Investors<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487091[]' id='answer-id-1881368' class='answer   answerof-487091 ' value='1881368'   \/><label for='answer-id-1881368' id='answer-label-1881368' class=' answer'><span>Lenders<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487091[]' id='answer-id-1881369' class='answer   answerof-487091 ' value='1881369'   \/><label for='answer-id-1881369' id='answer-label-1881369' class=' answer'><span>Suppliers<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-487092'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>Which information does a balance sheet provide about a company?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='487092' \/><input type='hidden' id='answerType487092' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487092[]' id='answer-id-1881370' class='answer   answerof-487092 ' value='1881370'   \/><label for='answer-id-1881370' id='answer-label-1881370' class=' answer'><span>Revenues and expenses for a period of time<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487092[]' id='answer-id-1881371' class='answer   answerof-487092 ' value='1881371'   \/><label for='answer-id-1881371' id='answer-label-1881371' class=' answer'><span>Cash collections and cash expenditures at a specific point in time<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487092[]' id='answer-id-1881372' class='answer   answerof-487092 ' value='1881372'   \/><label for='answer-id-1881372' id='answer-label-1881372' class=' answer'><span>Assets and liabilities for a specific point in time<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487092[]' id='answer-id-1881373' class='answer   answerof-487092 ' value='1881373'   \/><label for='answer-id-1881373' id='answer-label-1881373' class=' answer'><span>Cash collections and cash expenditures for a period of time<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-487093'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>What does the overall economic performance of a company for a given time period represent?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='487093' \/><input type='hidden' id='answerType487093' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487093[]' id='answer-id-1881374' class='answer   answerof-487093 ' value='1881374'   \/><label for='answer-id-1881374' id='answer-label-1881374' class=' answer'><span>The net income of the company<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487093[]' id='answer-id-1881375' class='answer   answerof-487093 ' value='1881375'   \/><label for='answer-id-1881375' id='answer-label-1881375' class=' answer'><span>Whether or not cash received from sales exceeds cash paid for business expenses for a given time period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487093[]' id='answer-id-1881376' class='answer   answerof-487093 ' value='1881376'   \/><label for='answer-id-1881376' id='answer-label-1881376' class=' answer'><span>Whether or not a company\u2019s sales exceed the costs of the products sold for a given time period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487093[]' id='answer-id-1881377' class='answer   answerof-487093 ' value='1881377'   \/><label for='answer-id-1881377' id='answer-label-1881377' class=' answer'><span>The overall market value of the company<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-487094'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Which two items on an income statement result in decreased net income if they are increased? Choose 2 answers.<\/div><input type='hidden' name='question_id[]' id='qID_19' value='487094' \/><input type='hidden' id='answerType487094' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-487094[]' id='answer-id-1881378' class='answer   answerof-487094 ' value='1881378'   \/><label for='answer-id-1881378' id='answer-label-1881378' class=' answer'><span>Gains<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-487094[]' id='answer-id-1881379' class='answer   answerof-487094 ' value='1881379'   \/><label for='answer-id-1881379' id='answer-label-1881379' class=' answer'><span>Revenues<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-487094[]' id='answer-id-1881380' class='answer   answerof-487094 ' value='1881380'   \/><label for='answer-id-1881380' id='answer-label-1881380' class=' answer'><span>Interest expense<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-487094[]' id='answer-id-1881381' class='answer   answerof-487094 ' value='1881381'   \/><label for='answer-id-1881381' id='answer-label-1881381' class=' answer'><span>Cost of goods sold<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-487095'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>What is true regarding the use of International Financial Reporting Standards (IFRS)?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='487095' \/><input type='hidden' id='answerType487095' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487095[]' id='answer-id-1881382' class='answer   answerof-487095 ' value='1881382'   \/><label for='answer-id-1881382' id='answer-label-1881382' class=' answer'><span>IFRS may be used instead of generally accepted accounting principles (GAAP) by any<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487095[]' id='answer-id-1881383' class='answer   answerof-487095 ' value='1881383'   \/><label for='answer-id-1881383' id='answer-label-1881383' class=' answer'><span>-based corporation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487095[]' id='answer-id-1881384' class='answer   answerof-487095 ' value='1881384'   \/><label for='answer-id-1881384' id='answer-label-1881384' class=' answer'><span>IFRS are seldom used by non-<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487095[]' id='answer-id-1881385' class='answer   answerof-487095 ' value='1881385'   \/><label for='answer-id-1881385' id='answer-label-1881385' class=' answer'><span>companies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487095[]' id='answer-id-1881386' class='answer   answerof-487095 ' value='1881386'   \/><label for='answer-id-1881386' id='answer-label-1881386' class=' answer'><span>IFRS are commonly required to be used in Asia<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487095[]' id='answer-id-1881387' class='answer   answerof-487095 ' value='1881387'   \/><label for='answer-id-1881387' id='answer-label-1881387' class=' answer'><span>IFRS are required to be used by the Securities and Exchange Commission (SEC)<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-487096'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>Which formula yields a cash times interest earned ratio of 11?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='487096' \/><input type='hidden' id='answerType487096' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487096[]' id='answer-id-1881388' class='answer   answerof-487096 ' value='1881388'   \/><label for='answer-id-1881388' id='answer-label-1881388' class=' answer'><span>Cash before interest and taxes of $11,000 \/ cash paid for acquisitions of $1,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487096[]' id='answer-id-1881389' class='answer   answerof-487096 ' value='1881389'   \/><label for='answer-id-1881389' id='answer-label-1881389' class=' answer'><span>Cash before interest and taxes of $11,000 \/ cash paid for interest of $1,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487096[]' id='answer-id-1881390' class='answer   answerof-487096 ' value='1881390'   \/><label for='answer-id-1881390' id='answer-label-1881390' class=' answer'><span>Cash before interest and taxes of $11,000 \/ cash from operations of $1,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487096[]' id='answer-id-1881391' class='answer   answerof-487096 ' value='1881391'   \/><label for='answer-id-1881391' id='answer-label-1881391' class=' answer'><span>Cash before interest and taxes of $11,000 \/ cash paid for income taxes of $1,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-487097'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>What can be determined when a firm performs an external audit of a company's financial statements?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='487097' \/><input type='hidden' id='answerType487097' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487097[]' id='answer-id-1881392' class='answer   answerof-487097 ' value='1881392'   \/><label for='answer-id-1881392' id='answer-label-1881392' class=' answer'><span>Whether a company\u2019s financial statements indicate it made a profit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487097[]' id='answer-id-1881393' class='answer   answerof-487097 ' value='1881393'   \/><label for='answer-id-1881393' id='answer-label-1881393' class=' answer'><span>Whether a company\u2019s financial statements fairly reflect its financial position<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487097[]' id='answer-id-1881394' class='answer   answerof-487097 ' value='1881394'   \/><label for='answer-id-1881394' id='answer-label-1881394' class=' answer'><span>Whether a company\u2019s financial statements indicate that the company has to pay income taxes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487097[]' id='answer-id-1881395' class='answer   answerof-487097 ' value='1881395'   \/><label for='answer-id-1881395' id='answer-label-1881395' class=' answer'><span>Whether a company\u2019s financial statements were prepared by a trained bookkeeper<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-487098'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>Which organization establishes rules U.S. companies use to record and report accounting transactions?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='487098' \/><input type='hidden' id='answerType487098' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487098[]' id='answer-id-1881396' class='answer   answerof-487098 ' value='1881396'   \/><label for='answer-id-1881396' id='answer-label-1881396' class=' answer'><span>Accounting Principles Board<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487098[]' id='answer-id-1881397' class='answer   answerof-487098 ' value='1881397'   \/><label for='answer-id-1881397' id='answer-label-1881397' class=' answer'><span>Securities and Exchange Commission<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487098[]' id='answer-id-1881398' class='answer   answerof-487098 ' value='1881398'   \/><label for='answer-id-1881398' id='answer-label-1881398' class=' answer'><span>Financial Accounting Standards Board<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487098[]' id='answer-id-1881399' class='answer   answerof-487098 ' value='1881399'   \/><label for='answer-id-1881399' id='answer-label-1881399' class=' answer'><span>Internal Revenue Service<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-487099'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>Which change occurred if the cost of goods sold moved from 76.8% to 72.6%?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='487099' \/><input type='hidden' id='answerType487099' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487099[]' id='answer-id-1881400' class='answer   answerof-487099 ' value='1881400'   \/><label for='answer-id-1881400' id='answer-label-1881400' class=' answer'><span>Net profit percentage increased by 4.2%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487099[]' id='answer-id-1881401' class='answer   answerof-487099 ' value='1881401'   \/><label for='answer-id-1881401' id='answer-label-1881401' class=' answer'><span>Net profit percentage decreased by 4.2%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487099[]' id='answer-id-1881402' class='answer   answerof-487099 ' value='1881402'   \/><label for='answer-id-1881402' id='answer-label-1881402' class=' answer'><span>Gross profit percentage increased by 4.2%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487099[]' id='answer-id-1881403' class='answer   answerof-487099 ' value='1881403'   \/><label for='answer-id-1881403' id='answer-label-1881403' class=' answer'><span>Gross profit percentage decreased by 4.2%<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-487100'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>Which current asset on a balance sheet appears first in the traditional category order for U.S.-based companies?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='487100' \/><input type='hidden' id='answerType487100' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487100[]' id='answer-id-1881404' class='answer   answerof-487100 ' value='1881404'   \/><label for='answer-id-1881404' id='answer-label-1881404' class=' answer'><span>Cash<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487100[]' id='answer-id-1881405' class='answer   answerof-487100 ' value='1881405'   \/><label for='answer-id-1881405' id='answer-label-1881405' class=' answer'><span>Inventory<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-487100[]' id='answer-id-1881406' class='answer   answerof-487100 ' value='1881406'   \/><label 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