6/15/25, 12:33 AM WGU D774 Intro to Business Accounting
WGU D774 Intro to Business Accounting | OA |
Objective Assessment | 70 Questions and Answers |
2025 Update | 100% Guaranteed Success.
Correct 70
Incorrect 00
WGU D774 Intro to Business Accounting
70 Correct terms
Questions and answers
Term
Which item is reported in an income statement?
Give this one a go later!
Liabilities
,6/15/25, 12:33 AM WGU D774 Intro to Business Accounting
Dividends Assets
Don't know?
2 of 70
Term
Which question can be answered by looking at trends in cost
variances?
Give this one a go later!
Can customers be attracted by an
Does an increase in purchase costs
increase in the average collection
attract more suppliers?
time?
Do variances exhibit systematic
Will emphasizing sales of more low-
differences, or are they
priced items reduce total sales?
random?
Don't know?
,6/15/25, 12:33 AM WGU D774 Intro to Business Accounting
3 of 70
Term
Which measurement is highlighted in the multi-step format for the
income statement?
Give this one a go later!
Owners' equity Operating income
Retained earnings Cash from operations
Don't know?
4 of 70
Term
Kretsmart has these accounts in its financial records at the end of the
year.
Land
Retained Earnings
Accounts Receivable
Loans Payable
Accounts Payable
Capital Stock (also called Paid-in Capital)
Cash
, 6/15/25, 12:33 AM WGU D774 Intro to Business Accounting
Unearned Revenue
Which of these accounts are liabilities?
Give this one a go later!
Cash, capital stock, and retained
Accounts receivable, cash, and land
earnings
Accounts payable, loans
Capital stock and retained earnings
payable, and unearned revenue
Don't know?
5 of 70
Term
Consider these three cash flows:
Cash paid to repay a loan
Cash paid for purchase of a building for use in operations
Cash paid for inventory purchases
Which sequence represents the correct categorization of these three
cash flows?
Give this one a go later!
WGU D774 Intro to Business Accounting | OA |
Objective Assessment | 70 Questions and Answers |
2025 Update | 100% Guaranteed Success.
Correct 70
Incorrect 00
WGU D774 Intro to Business Accounting
70 Correct terms
Questions and answers
Term
Which item is reported in an income statement?
Give this one a go later!
Liabilities
,6/15/25, 12:33 AM WGU D774 Intro to Business Accounting
Dividends Assets
Don't know?
2 of 70
Term
Which question can be answered by looking at trends in cost
variances?
Give this one a go later!
Can customers be attracted by an
Does an increase in purchase costs
increase in the average collection
attract more suppliers?
time?
Do variances exhibit systematic
Will emphasizing sales of more low-
differences, or are they
priced items reduce total sales?
random?
Don't know?
,6/15/25, 12:33 AM WGU D774 Intro to Business Accounting
3 of 70
Term
Which measurement is highlighted in the multi-step format for the
income statement?
Give this one a go later!
Owners' equity Operating income
Retained earnings Cash from operations
Don't know?
4 of 70
Term
Kretsmart has these accounts in its financial records at the end of the
year.
Land
Retained Earnings
Accounts Receivable
Loans Payable
Accounts Payable
Capital Stock (also called Paid-in Capital)
Cash
, 6/15/25, 12:33 AM WGU D774 Intro to Business Accounting
Unearned Revenue
Which of these accounts are liabilities?
Give this one a go later!
Cash, capital stock, and retained
Accounts receivable, cash, and land
earnings
Accounts payable, loans
Capital stock and retained earnings
payable, and unearned revenue
Don't know?
5 of 70
Term
Consider these three cash flows:
Cash paid to repay a loan
Cash paid for purchase of a building for use in operations
Cash paid for inventory purchases
Which sequence represents the correct categorization of these three
cash flows?
Give this one a go later!
