D196 pre assessment 2023 - Study guides, Class notes & Summaries

WGU D196 Pre-Assessment Questions With Answers 2023/2024 | Latest Update Graded A

What information does a balance sheet provide to a decision maker? Summary of the operating performance of a company during a period Summary of the financial position of a company at a particular date Summary of the cash flows of a company during a period Summary of the operating performance of a company at a particular date ANS - Summary of the financial position of a company at a particular date 19. What is an account payable? The amount owed by a company that purchased goods or servic...

WGU D196: Pre-Assessment Questions With Answers | Latest Update Graded A+ | 100% Correct. What is a transaction? Two parties exchanging something of value A type of commonly used accounting software A category of merchandiser or retailer An example of an online business document ANS Two parties exchanging some- thing of value 8. A company borrowed $80,000 cash from a bank. How does this transaction affect the accounting equation of the borrowing company? Assets increase by $80,000; liab...

WGU D196 Pre-Assessment Questions With Answers 2023/2024 | Latest Update Graded A+. What is the impact of expenses on the accounting equation? Expenses decrease liabilities. Expenses increase liabilities. Expenses decrease owners' equity. Expenses increase owners' equity. ANS Expenses decrease owners' equity. 4 / 12 10. Which type of account are accounts payable and notes payable both examples of? Liability Expense Asset Equity ANS Liability 11. What is the purpose of the financia...

Wgu d196 pre assessment financial and managerial accounting summer 2023 solved 100% 1. What is an example of direct materials? Cost of robotic equipment in making automobiles Cost of sandpaper in making wood furniture Cost of saws and hammers in constructing a house Cost of aluminum in making an airplane: Cost of aluminum in making an airplane 2. What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer accountants to do the sam...

wgu d196 pre assessment financial and managerial accounting summer 2023 solved 100% What is an example of direct materials? Cost of robotic equipment in making automobiles Cost of sandpaper in making wood furniture Cost of saws and hammers in constructing a house Cost of aluminum in making an airplane Cost of aluminum in making an airplane What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer accountants to do the same a...

WGU d196 pre-assessment Questions And Answers 2023

WGU d196 PRE ASSESSMENT QUESTIONS AND ANSWERS ALREADY PASSED A+ 2023|24 What is an example of direct materials? Cost of robotic equipment in making automobiles Cost of sandpaper in making wood furniture Cost of saws and hammers in constructing a house Cost of aluminum in making an airplane Cost of aluminum in making an airplane What is the effect of a company's accounting department maintaining high ethical standards? The company can hire fewer accountants to do the same amount of work...

Wgu d196 pre-assessment quiz 2023 with complete solution 1. What is the effect of a company's accounting department maintaining high ethical standards?: The company's accounting information will increase in value. 2. Why might employees be interested in their company's financial account- ing information?: Financial statement data are often used in determining employ- ee bonuses. 3. Which group establishes financial accounting rules in the United States?- : Financial Accounting Standards B...