Wgu d104 exam 2024 - Study guides, Class notes & Summaries
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WGU D104 Intermediate Accounting II Units 2-3 Exam verified Solutions 2024/2025
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WGU D104 Intermediate Accounting II Units 
2-3 Exam verified Solutions 2024/2025 
These characteristics: 
They are acquired for use in operations and not for resale. 
They are long-term in nature and usually depreciated 
They possess physical substance. 
Describe what? - Answer -property, plant, and equipment 
Only asset that is NOT depreciated - Answer -land 
PP&E - Answer -property, plant, and equipment 
historical cost - Answer -the cash or cash equivalent price of obtaining the asset and bri...
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WGU D104 Intermediate Accounting II Exam 2024/2025 with Verified Solutions
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WGU D104 Intermediate Accounting II 
Exam 2024/2025 with Verified Solutions 
Which method should be used to handle indirect costs of self-constructed assets? 
Assigning no variable overhead to a constructed asset 
Allocating overhead on the basis of gained production 
Assigning a pro rata portion of all overhead to the asset 
Allocating the total overhead to the asset - Answer -Assigning a pro rata portion of all overhead to the 
asset 
A company purchases land for development into a subdivision...
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WGU D104 Intermediate Accounting II Units 4-6 Exam with Verified Solutions 2024
- Exam (elaborations) • 10 pages • 2024
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WGU D104 Intermediate Accounting II Units 
4-6 Exam with Verified Solutions 2024 
Asset Turnover Ratio - Answer -net sales/average total assets 
Profit Margin Ratio - Answer -net income/total sales 
Rate of return on assets - Answer -net income/average total assets 
Current ratio - Answer -current assets/current liabilities 
acid-test ratio - Answer -(cash + short-term investments + net receivables) / current liabilities 
rate of return on common stock equity - Answer -(net income - preferred di...
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WGU D104 Exam with Verified Solutions Latest Update
- Exam (elaborations) • 23 pages • 2024
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WGU D104 Exam with Verified Solutions 
Latest Update 
Data - Definition 
Numeric, textual, visual, or audio information that describes real-world systems 
Scope - Data 
Amount of data produced & collected can vary 
Format - Data 
Data may be produced as numbers, text, image, audio, or video 
Access - Data 
Some data sources are private while others are made publicly available 
Analog - Data 
Encoded as continuous variations on various physical media 
Digital - Data 
Encoded as 0s & 1s on electro...
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