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

WGU D196 Pre-Assessment Questions and Answers Latest Update 2023|24 Graded A+ What is the effect of a company's accounting department maintaining high ethical standards? -The company can report more favorable results in its financial statements. -The company's accounting information will decrease in value. -The company can hire fewer accountants to do the same amount of work. -The company's accounting information will increase in value. The company's accounting information will incre...

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 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 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 And Answers 2023

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 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...