WGU Financial-Management Q&A - in .pdf

  • Financial-Management pdf
  • Exam Code: Financial-Management
  • Exam Name: WGU Financial Management VBC1
  • PDF Version: V13.25
  • Q & A: 85 Questions and Answers
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NEW QUESTION: 1
In which order of magnitude (time) is delay/ latency measured when you use wide metrics in EIGRP?
A. tens of microseconds
B. microseconds
C. picoseconds
D. nanoseconds
Answer: C

NEW QUESTION: 2
Which statement is true about IS-IS?
A. IS-IS does not share routes between level 1 and level 2 by default.
B. All IS-IS level 1 routes are announced to level 2 by default.
C. IS-IS level 2 internal routes are announced to level 1 by default.
D. IS-IS level 1 internal routes are announced to level 2 by default.
Answer: D

NEW QUESTION: 3
Which statements are true about the WHEN OTHERS exception handler? (Choose all that apply.)
A. It traps all the exceptions that are not already trapped.
B. It can be the first exception handler.
C. You can have multiple OTHERS clauses to trap all the multiple unhandled exceptions.
D. It can be the only exception handler for the code.
Answer: A,D

NEW QUESTION: 4
This question presents independent factual situations an auditor might encounter in conducting an audit.
List A represents the types of opinions the auditor ordinarily would issue. Select as the best answer for this
item, the action the auditor normally would take. The types of opinions in List A may be selected once,
more than once, or not at all.
Assume:
- The auditor is independent.
- The auditor previously expressed an unqualified opinion on the prior year's financial statements.
- Only single-year (not comparative) statements are presented for the current year.
- The conditions for an unqualified opinion exist unless contradicted in the factual situations.
- The conditions stated in the factual situations are material.
- No report modifications are to be made except in response to the factual situation.
Item to Be Answered
An entity issues financial statements that present financial position and results of operations but omits the
related statement of cash flows. Management discloses in the notes to the financial statements that it does
not believe the statement of cash flows to be a useful financial statement.
List A
Types of Options
A. Either an "except for" qualified opinion or an adverse opinion.
B. An unqualified opinion.
C. An "except for" qualified opinion.
D. Either an adverse opinion or a disclaimer of opinion.
E. Either a disclaimer of opinion or an "except for" qualified opinion.
F. A disclaimer of opinion.
G. An adverse opinion.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is the correct opinion. Failure to include a statement of cash flows is a GAAP violation that
requires an "except for" qualified opinion to be issued.

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