Wgu d196 exam questions - Study guides, Class notes & Summaries

WGU D196 TEST BANK FOR OA AND PREASSESSMENT REVIEW 2024/2025 WITH 250 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (100% CORRECT ANSWERS) D196 PRACTICE EXAM 2024 (BRAND NEW!!) 1. 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 - ANSW...

WGU D196 Exam Questions with Correct Answers Which group represents the primary users of managerial accounting information? a. Bankers b. Public stockholders c. customers d. Managers - Answer-d Which type of business purchases finished goods for resale? a. Merchandising b. Non profit c. Manufacturing d. Service - Answer-a Which types of costs does a merchandiser have? a. Both product and period costs b. Merchandisers have both product and period costs c. Product costs only d. ...

WGU D196 EXAM QUESTIONS AND ANSWERS What are organizational segments? - Answer-Organizational segments are parts of an organization that require a separate report for evaluation by management. What is responsibility accounting and how does it impact an organization? - Answer-Responsibility accounting is a system of evaluating a performance in which managers are held accountable for the costs, revenues, assets, or other elements in which they have control over. Responsibility accounting imp...

WGU D196 Exam Questions and Answers 2024 New Update What is the relevant range? - Answer-The range of volume over which the variable cost per unit is expected to remain the same The relevant range is the range over which the variable cost per unit stays the same and the fixed cost remains the same in total. Which statement below is true with regard to variable costs? - Answer-Total variable costs change in relationship to the volume of activity. Which statement below is true with regar...

WGU D196 Exam Questions and Answers | Latest Update Graded A+ 2023/2024. For purposes of cash flow classification in the statement of cash flows, which item is an operating activity? Distributing dividends Paying employees Buying equipment 7 / 11 Selling bonds ANS Paying employees 16. How does a classified balance sheet provide useful information to a decision maker? It distinguishes between current and long-term assets. It provides data that are not publicly disclosed. It provides da...

WGU D196 Exam Questions and Answers | Latest Update Graded A+ 2023/2024. For purposes of cash flow classification in the statement of cash flows, which item is an operating activity? Distributing dividends Paying employees Buying equipment 7 / 11 Selling bonds ANS Paying employees 16. How does a classified balance sheet provide useful information to a decision maker? It distinguishes between current and long-term assets. It provides data that are not publicly disclosed. It provides da...

WGU D196 Exam Questions and Answers | Latest Update Graded A+ 2023/2024. 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. The company's accounting information will decrease in value. The company can report more favorable results in its financial statements. The company's accounting information will increase in value. ANS The company's accounting information will increase in ...

WGU D196 Exam Questions With Answers | Latest Update Graded A+ 2023/2024 | 100% Correct. 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; owners' equity increases by $80,000. Assets increase by $80,000; liabilities decrease by $80,000. Assets increase by $80,000; liabilities increase by $80,000. Assets increase by $80,000; revenues increase by $80,000. ANS Assets increase by $80,000...

Accounting - ANSWER A system for providing quantitative, financial information about economic entities that is useful for making sound economic decisions. Accounting provides the means of recording and communicating business activities and the results of those activities. Accounting Cycle - ANSWER The procedure for analyzing, recording, summarizing, and reporting the transactions of a business. Accounting Equation - ANSWER An algebraic equation that expresses the relationship between asse...