1|Page
WGU D196 OBJECTIVE ASSESSMENT VERSION 1,2
AND 3 EXAM NEWEST 2025 ACTUAL EXAM
COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
WGU D196 OBJECTIVE ASSESSMENT ASSESSMENT VERSION 1
Which business document involves the process of tracking the
actual performance of a company?
a. balance sheet
b.sales invoice and purchase order.
c. money order
d. none of the anwers - CORRECT ANSWER-b
Your company purchases new equipment for cash. Which
accounts are increased and decreased because of this
transaction?
a. Cash increases and Equipment increases
b. Cash decreases and equipment decreases
c.Equipment increases and owners equity decreases
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d .Equipment increases and cash decreases. - CORRECT
ANSWER-d
What factors should the production supervisor consider in
assembling her production?
a.Projected sales, desired ending inventory, and amount of
beginning inventory.
b.desired ending inventory, sales, and beginning inventory
c. beginning inventory, sales, and ending inventory
d. none of the answers - CORRECT ANSWER-a
BEP (units) formula
a. sales- cm
b.fixed costs / CM per unit
c.fixed cost / variance cost
d. fixed costs - cm per unit - CORRECT ANSWER-b
Earnings (Loss) Per Share (EPS)
a.net income /outstanding number of shares of stock.
b. number of shares of stock - net income
c. both alternatives
d. none of the alternatives - CORRECT ANSWER-a
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What is the impact of expenses on the accounting equation?
a. Expenses decrease owners' equity.
b. revenue increases owner's equity
c. owners 's equity increase revenue
d. liability decrease owner's equity - CORRECT ANSWER-a
For purposes of cash flow classification in the statement of cash
flows, which item is an investing activity?
a. Repaying loans
b. Borrowing money
c. Distribution to owners
d. Purchasing land - CORRECT ANSWER-d
Is true or false that :
FASB : accounting standards for publicity listed companies
GAAP : rules governing financial . Set by private, non-
governate group Fasb and IASB
GASB : private non-governmental that seeks improve acct
practices and procedures.
IASB : founded in 1973- international accounting standards. -
CORRECT ANSWER-true
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Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
Fixed costs $120,000
What is Prints Plus's contribution margin per unit?
a. $30
b. $50
c.$60
d.$ 4,000 - CORRECT ANSWER-a
Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
Fixed costs $120,000
What is Prints Plus's contribution margin ratio?
a. .030
b . 0.50
WGU D196 OBJECTIVE ASSESSMENT VERSION 1,2
AND 3 EXAM NEWEST 2025 ACTUAL EXAM
COMPLETE 300 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
WGU D196 OBJECTIVE ASSESSMENT ASSESSMENT VERSION 1
Which business document involves the process of tracking the
actual performance of a company?
a. balance sheet
b.sales invoice and purchase order.
c. money order
d. none of the anwers - CORRECT ANSWER-b
Your company purchases new equipment for cash. Which
accounts are increased and decreased because of this
transaction?
a. Cash increases and Equipment increases
b. Cash decreases and equipment decreases
c.Equipment increases and owners equity decreases
,2|Page
d .Equipment increases and cash decreases. - CORRECT
ANSWER-d
What factors should the production supervisor consider in
assembling her production?
a.Projected sales, desired ending inventory, and amount of
beginning inventory.
b.desired ending inventory, sales, and beginning inventory
c. beginning inventory, sales, and ending inventory
d. none of the answers - CORRECT ANSWER-a
BEP (units) formula
a. sales- cm
b.fixed costs / CM per unit
c.fixed cost / variance cost
d. fixed costs - cm per unit - CORRECT ANSWER-b
Earnings (Loss) Per Share (EPS)
a.net income /outstanding number of shares of stock.
b. number of shares of stock - net income
c. both alternatives
d. none of the alternatives - CORRECT ANSWER-a
,3|Page
What is the impact of expenses on the accounting equation?
a. Expenses decrease owners' equity.
b. revenue increases owner's equity
c. owners 's equity increase revenue
d. liability decrease owner's equity - CORRECT ANSWER-a
For purposes of cash flow classification in the statement of cash
flows, which item is an investing activity?
a. Repaying loans
b. Borrowing money
c. Distribution to owners
d. Purchasing land - CORRECT ANSWER-d
Is true or false that :
FASB : accounting standards for publicity listed companies
GAAP : rules governing financial . Set by private, non-
governate group Fasb and IASB
GASB : private non-governmental that seeks improve acct
practices and procedures.
IASB : founded in 1973- international accounting standards. -
CORRECT ANSWER-true
, 4|Page
Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
Fixed costs $120,000
What is Prints Plus's contribution margin per unit?
a. $30
b. $50
c.$60
d.$ 4,000 - CORRECT ANSWER-a
Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
Fixed costs $120,000
What is Prints Plus's contribution margin ratio?
a. .030
b . 0.50
