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WGU D196 OBJECTIVE ASSESMENT EXAM D196 PRE ASSESMENT-ACTUAL EXAM COMPLETE 350 QUESTIONS & DETAILED VERIFIED SOLUTIONS LATEST $22.99
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WGU D196 OBJECTIVE ASSESMENT EXAM D196 PRE ASSESMENT-ACTUAL EXAM COMPLETE 350 QUESTIONS & DETAILED VERIFIED SOLUTIONS LATEST

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WGU D196 OBJECTIVE ASSESMENT EXAM D196 PRE ASSESMENT-ACTUAL EXAM COMPLETE 350 QUESTIONS & DETAILED VERIFIED SOLUTIONS LATEST

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  • October 2, 2024
  • 137
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • wgu d196
  • wgu d196
  • wgu d196 objective assesment exam d196 pre assesme
  • wgu d196 objective assesment exam
  • wgu d196 objective assesment
  • wgu d196 objective assesment

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WGU D196 OBJECTIVE ASSESMENT EXAM D196 PRE ASSESMENT-
ACTUAL EXAM COMPLETE 350 QUESTIONS & DETAILED VERIFIED
SOLUTIONS LATEST 2024-2025
WGU D196 OBJECTIVE ASSESMENT EXAM

QUESTION: 1 .On which financial statement would you see the valuation of a company's asset
accounts?

a.Statement of Cash Flows

b.Balance Sheet

c.Income Statement

d.Statement of Retained Earnings - ANSWER-B




QUESTION: 2. What is the final step in the accounting cycle?

a.Summarize the effects of transactions

b.Analyze transactions

c.Prepare reports

d.Record the effects of transactions - ANSWER-c




QUESTION: 3. Which of the following is not an example of a transaction?

a.Receive cash in payment of an invoice

b.Purchase an asset from a supplier


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c.Sale on credit to a customer

d. Preparing financial statements - ANSWER-d




4. Which budget should include all production costs other than those for direct materials and
direct labor?

A.Sales budget

B.Direct materials budget

C.Manufacturing overhead budget

D. Production budget - ANSWER-c




QUESTION: 5. Which account is a common asset account?

A.Accounts payables

B.Equity

C.Accounts receivable

D. Utilities Expense - ANSWER-c




QUESTION: 6. On which financial statement would you see cash flows from financing activities?

a.Statement of Cash Flows



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b.Balance Sheet

c.Income Statement

d.Statement of Retained Earnings - ANSWER-d




QUESTION: 7. Whose job is it to make sure that investors are provided with full and fair
information about publicly traded companies?

FASB

AICPA

IASB

SEC - ANSWER-d




QUESTION: 8. How does a classified balance sheet provide useful information to a decision
maker?

a.It distinguishes between current and long-term assets

b.It provides data that are not publicly disclosed

c.It distinguishes liabilities from expenses

D. It provides data for a period of time instead of as a point in time - ANSWER-a




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QUESTION: 9. In some companies, the performance measures for profit center managers are
heavily influenced by cost allocations downward from organizational units (such as company
headquarters). Why is this a mistake?

a.Controllable costs should not be included in the performance evaluation measure of a profit
center manager

b.Revenues should not be included in the performance evaluation measure of a profit center
manager

c.Uncontrollable costs should not be included in the performance evaluation measure of a
profit center manager

d. Direct costs should not be included in the performance evaluation measure of a profit center
manager - ANSWER-c




QUESTION: 10. Which is an example of a product cost?

a.Non-manufacturing personnel costs

b.Rent Expense

c.Office Supplies

d. Raw materials to make a product - ANSWER-d




QUESTION: 11. Which label is given to the cost of wages for factory supervisors?

a. Direct labor

b.Direct materials


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