ACCT 2020 |D196 PRE ASSESSMENT 2025 WGU
accounting system?
You Selected
Out-of-pocket costs
Opportunity costs
Direct costs
costs
, Petroleum refining plant Statement of cash flows
Opportunity costs Manufacturing overhead
Don't know?
2 of 60
Term
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
Give this one a try later!
Summary of the financial The amount owed by a company
position of a company at a that purchased goods or services
particular date from a supplier on credit
Financial statement data are often To turn information about
used in determining employee transactions into financial
bonuses. statements
, Don't know?
3 of 60
Term
For purposes of cash flow classification in the statement of cash
flows, which item is an operating activity?
Buying equipment
Selling bonds
Distributing dividends
Paying employees
Give this one a try later!
Sales, production, direct materials Petroleum refining plant
Paying employees Sales minus cost of goods sold
Don't know?
4 of 60
Term
How are wages of office staff in a company headquarters building
classified?
Indirect labor
, Manufacturing overhead
Direct labor
Administrative expense
Give this one a try later!
Direct materials Manufacturing overhead
Administrative expense Sales minus cost of goods sold
Don't know?
5 of 60
Term
What are the three primary functions that company managers use
managerial accounting information for?
Planning, controlling, and evaluating
Operating, investing, and financing
Borrowing, repaying, and lending
Reporting, allowing, and negotiating
Give this one a try later!
Sales, production, direct materials Expenses decrease owners' equity.
accounting system?
You Selected
Out-of-pocket costs
Opportunity costs
Direct costs
costs
, Petroleum refining plant Statement of cash flows
Opportunity costs Manufacturing overhead
Don't know?
2 of 60
Term
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
Give this one a try later!
Summary of the financial The amount owed by a company
position of a company at a that purchased goods or services
particular date from a supplier on credit
Financial statement data are often To turn information about
used in determining employee transactions into financial
bonuses. statements
, Don't know?
3 of 60
Term
For purposes of cash flow classification in the statement of cash
flows, which item is an operating activity?
Buying equipment
Selling bonds
Distributing dividends
Paying employees
Give this one a try later!
Sales, production, direct materials Petroleum refining plant
Paying employees Sales minus cost of goods sold
Don't know?
4 of 60
Term
How are wages of office staff in a company headquarters building
classified?
Indirect labor
, Manufacturing overhead
Direct labor
Administrative expense
Give this one a try later!
Direct materials Manufacturing overhead
Administrative expense Sales minus cost of goods sold
Don't know?
5 of 60
Term
What are the three primary functions that company managers use
managerial accounting information for?
Planning, controlling, and evaluating
Operating, investing, and financing
Borrowing, repaying, and lending
Reporting, allowing, and negotiating
Give this one a try later!
Sales, production, direct materials Expenses decrease owners' equity.
