WGU D196– HEALTHCARE ECOSYSTEMS | 2025–2026 COMPLETE
PRE-ASSESSMENT | 120 VERIFIED QUESTIONS & A+ CORRECT
ANSWERS | FINANCIAL & CASH FLOW SCENARIOS INCLUDED
This WGU D250 Pre-Assessment guide is designed to reflect the exact topics
tested in the 2025–2026 curriculum, providing accurate answers to questions
on GASB standards, liabilities, gross profit, ethical accounting behavior, direct
costs, and budgeting impact. You’ll also get in-depth scenario-based
questions on cash flow issues, negative net cash months, and cost-control
strategies. With each answer clearly labeled and confirmed, this resource gives
students a powerful advantage—saving time and reducing stress while
ensuring exam readiness.
According to the accounting equation, the amount of liabilities and equity must always be equal to
another amount.
What is that other amount?
The sum of expenses and dividends
Cash
Assets
The sum of revenues and expenses - CORRECT ANSWER-Assets
Which item is an expense item?
Cost of goods sold
Loans payable
Accounts receivable
Accounts payable - CORRECT ANSWER-Cost of goods sold
How is gross profit computed?
Total revenues minus total expenses
Sales minus cost of goods sold
Accounts receivable minus accounts payable
, Total assets minus total liabilities - CORRECT ANSWER-Sales minus cost of goods sold
Which type of account is retained earnings?
Revenue
Asset
Equity
Liability - CORRECT ANSWER-Equity
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 - CORRECT ANSWER-Paying employees
How does a classified balance sheet provide useful information to a decision maker?
It distinguishes between current and long-term assets.
It provides data for a period of time instead of as a point in time.
It distinguishes liabilities from expenses.
It provides data that are not publicly disclosed. - CORRECT ANSWER-It distinguishes between
current and long-term assets.
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 - CORRECT ANSWER-
Summary of the financial position of a company at a particular date
What is an account payable?
PRE-ASSESSMENT | 120 VERIFIED QUESTIONS & A+ CORRECT
ANSWERS | FINANCIAL & CASH FLOW SCENARIOS INCLUDED
This WGU D250 Pre-Assessment guide is designed to reflect the exact topics
tested in the 2025–2026 curriculum, providing accurate answers to questions
on GASB standards, liabilities, gross profit, ethical accounting behavior, direct
costs, and budgeting impact. You’ll also get in-depth scenario-based
questions on cash flow issues, negative net cash months, and cost-control
strategies. With each answer clearly labeled and confirmed, this resource gives
students a powerful advantage—saving time and reducing stress while
ensuring exam readiness.
According to the accounting equation, the amount of liabilities and equity must always be equal to
another amount.
What is that other amount?
The sum of expenses and dividends
Cash
Assets
The sum of revenues and expenses - CORRECT ANSWER-Assets
Which item is an expense item?
Cost of goods sold
Loans payable
Accounts receivable
Accounts payable - CORRECT ANSWER-Cost of goods sold
How is gross profit computed?
Total revenues minus total expenses
Sales minus cost of goods sold
Accounts receivable minus accounts payable
, Total assets minus total liabilities - CORRECT ANSWER-Sales minus cost of goods sold
Which type of account is retained earnings?
Revenue
Asset
Equity
Liability - CORRECT ANSWER-Equity
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 - CORRECT ANSWER-Paying employees
How does a classified balance sheet provide useful information to a decision maker?
It distinguishes between current and long-term assets.
It provides data for a period of time instead of as a point in time.
It distinguishes liabilities from expenses.
It provides data that are not publicly disclosed. - CORRECT ANSWER-It distinguishes between
current and long-term assets.
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 - CORRECT ANSWER-
Summary of the financial position of a company at a particular date
What is an account payable?
