1|Page
Wgu D470 Pre-Assessment Transportation,
Logistics, and Distribution Complete 70 Questions
With 100% Accurate Answers/ D470 Pre-
Assessment Latest
What is an example of direct materials?
Cost of robotic equipment in making automobiles
Cost of sandpaper in making wood furniture
Cost of saws and hammers in constructing a house
Cost of aluminum in making an airplane - ...ANSWER...✓✓
Cost of aluminum in making an airplane
What is the effect of a company's accounting department
maintaining high ethical standards?
The company can hire fewer accountants to do the same
amount of work.
The company can report more favorable results in its
financial statements.
The company's accounting information will increase in
value.
,2|Page
The company's accounting information will decrease in
value. - ...ANSWER...✓✓ The company's accounting
information will increase in value.
Why might employees be interested in their company's
financial accounting information?
Financial statement data are used to record long term
liabilities.
Financial statement data are often used in determining
employee bonuses.
Financial statement data provide item-by-item product
cost information.
Financial statement data provide detailed internal budget
information. - ...ANSWER...✓✓ Financial statement data
are often used in determining employee bonuses.
Which group establishes financial accounting rules in the
United States?
Internal Revenue Service (IRS)
Financial Accounting Standards Board (FASB)
International Accounting Standards Board (IASB)
, 3|Page
American Institute of Certified Public Accountants
(AICPA) - ...ANSWER...✓✓ Financial Accounting
Standards Board (FASB)
Which report is one of the three primary financial
statements?
Statement of management accounting
Statement of the accounting cycle
Statement of stakeholder funds
Statement of cash flows - ...ANSWER...✓✓ Statement of
cash flows
A company paid $5,000 cash in advertising costs.
How does this transaction affect the paying company's
accounting equation?
Assets decrease by $5,000; liabilities increase by $5,000.
Assets increase by $5,000; expenses increase by $5,000.
Assets decrease by $5,000; expenses increase by $5,000.
Assets decrease by $5,000; revenues increase by $5,000.
- ...ANSWER...✓✓ Assets decrease by $5,000; expenses
increase by $5,000.
Wgu D470 Pre-Assessment Transportation,
Logistics, and Distribution Complete 70 Questions
With 100% Accurate Answers/ D470 Pre-
Assessment Latest
What is an example of direct materials?
Cost of robotic equipment in making automobiles
Cost of sandpaper in making wood furniture
Cost of saws and hammers in constructing a house
Cost of aluminum in making an airplane - ...ANSWER...✓✓
Cost of aluminum in making an airplane
What is the effect of a company's accounting department
maintaining high ethical standards?
The company can hire fewer accountants to do the same
amount of work.
The company can report more favorable results in its
financial statements.
The company's accounting information will increase in
value.
,2|Page
The company's accounting information will decrease in
value. - ...ANSWER...✓✓ The company's accounting
information will increase in value.
Why might employees be interested in their company's
financial accounting information?
Financial statement data are used to record long term
liabilities.
Financial statement data are often used in determining
employee bonuses.
Financial statement data provide item-by-item product
cost information.
Financial statement data provide detailed internal budget
information. - ...ANSWER...✓✓ Financial statement data
are often used in determining employee bonuses.
Which group establishes financial accounting rules in the
United States?
Internal Revenue Service (IRS)
Financial Accounting Standards Board (FASB)
International Accounting Standards Board (IASB)
, 3|Page
American Institute of Certified Public Accountants
(AICPA) - ...ANSWER...✓✓ Financial Accounting
Standards Board (FASB)
Which report is one of the three primary financial
statements?
Statement of management accounting
Statement of the accounting cycle
Statement of stakeholder funds
Statement of cash flows - ...ANSWER...✓✓ Statement of
cash flows
A company paid $5,000 cash in advertising costs.
How does this transaction affect the paying company's
accounting equation?
Assets decrease by $5,000; liabilities increase by $5,000.
Assets increase by $5,000; expenses increase by $5,000.
Assets decrease by $5,000; expenses increase by $5,000.
Assets decrease by $5,000; revenues increase by $5,000.
- ...ANSWER...✓✓ Assets decrease by $5,000; expenses
increase by $5,000.
