D196 principles - Study guides, Class notes & Summaries
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WGU D196 Principles of Financial and Managerial Accounting – new written course requirement material 2023
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WGU D196 Principles of Financial and Managerial Accounting – new written course requirement material 2023 
 
Accounting plays a vital role in the decision-making process. Which action is the first step in the decision-making process? 
 
 
The money that a company needs to buy its land, pay its employees, and buy its supplies is called capital. What are the potential sources of capital for a business? 
 
 
 
Which primary area of accounting generates reports for internal users? 
 
 
True or Fal...
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WGU D196 PRE ASSESSMENT PRINCIPLES OF FINANCIAL AND MANAGERIAL ACCOUNTING | QUESTIONS AND VERIFIED ANSWERS | UPDATED 2024/2025
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WGU D196 PRE ASSESSMENT PRINCIPLES OF FINANCIAL AND MANAGERIAL ACCOUNTING | QUESTIONS AND VERIFIED ANSWERS | UPDATED 2024/2025 
 
WGU D196 PRE ASSESSMENT PRINCIPLES OF FINANCIAL AND MANAGERIAL ACCOUNTING | QUESTIONS AND VERIFIED ANSWERS | UPDATED 2024/2025
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WGU D196 Practice Exam | Principles of Financial and Managerial Accounting Study Guide | 2024/2025 Updated
- Exam (elaborations) • 13 pages • 2024
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WGU D196 Practice Exam | Principles of Financial and Managerial Accounting Study Guide | 2024/2025 Updated 
 
WGU D196 Practice Exam | Principles of Financial and Managerial Accounting Study Guide | 2024/2025 Updated 
 
WGU D196 Practice Exam | Principles of Financial and Managerial Accounting Study Guide | 2024/2025 Updated
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WGU D196 Pre- Assessment V1 (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting-Questions and Verified Answers| 100% Correct| Grade A
- Exam (elaborations) • 20 pages • 2024
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WGU D196 Pre- Assessment V1 (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting-Questions and Verified Answers| 100% Correct| Grade A 
 
Q: Which type of account are accounts payable and notes payable both examples of? 
 
Liability 
Expense 
Asset 
Equity 
 
 
Answer: 
Liability 
 
 
 
Q: What is the purpose of the financial accounting cycle? 
 
To turn information about transactions into financial statements 
To gather information related to the expenses and income gene...
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WGU D196 Pre- Assessment Version 1 (New 2024/ 2025 Update) Principles of Financial and Managerial Accounting-Questions and Verified Answers| 100% Correct| A Grade
- Exam (elaborations) • 22 pages • 2024
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WGU D196 Pre- Assessment Version 1 
(New 2024/ 2025 Update) Principles of 
Financial and Managerial Accounting-Questions and Verified Answers| 100% 
Correct| A Grade
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WGU D196 Pre- Assessment V2 (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting-Questions and Verified Answers| 100% Correct| Grade A
- Exam (elaborations) • 13 pages • 2024
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WGU D196 Pre- Assessment V2 (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting-Questions and Verified Answers| 100% Correct| Grade A 
 
Q: Which type of account are accounts payable and notes payable both examples of? 
 
 
Answer: 
Liability 
 
 
 
Q: What is the purpose of the financial accounting cycle? 
 
 
Answer: 
To turn information about transactions into financial statements 
 
 
 
Q: According to the accounting equation, the amount of liabilities and equity mus...
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D196 Principles of Financial and Managerial Accounting || All Correct.
- Exam (elaborations) • 18 pages • 2024
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Entire CVP Formula (Income Statement) correct answers Sales Revenue - variable cost- fixed cost= profit (net income) 
 
Contribution Margin Formula correct answers Sales Revenue (price) -variable cost = contribution margin 
 
Break-Even Point in Units formula correct answers total fixed cost / contribution margin per unit = break even in units 
 
Break-Even Point in Sales ($) Formula correct answers total fixed cost / contribution margin ratio = Break even in units 
 
contribution margin ratio f...
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WGU D196 Pre- Assessment Version 2 (New 2024/ 2025 Update) Principles of Financial and Managerial Accounting |Questions and Verified Answers| 100% Correct| A Grade
- Exam (elaborations) • 15 pages • 2024
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WGU D196 Pre- Assessment Version 2 
(New 2024/ 2025 Update) Principles of 
Financial and Managerial Accounting |Questions and Verified Answers| 100% 
Correct| A Grade
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D196 Principles of Financial and Managerial Accounting Test Questions and Answers 100% Correct
- Exam (elaborations) • 19 pages • 2024
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D196 Principles of Financial and Managerial Accounting Test
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WGU Principles of Financial and Managerial Accounting - D196 Practice Test NEWEST EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+.
- Exam (elaborations) • 10 pages • 2024
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WGU Principles of Financial and Managerial Accounting - D196 Practice Test NEWEST EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+.
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