WGU D196|PA| PRE- ASSESSMENT | EXAM QUESTIONS
AND ANSWERS
Correct
Incorrect
company?
You Selected
overhead
Cost of goods sold
, Planning, controlling, and
Selling expense
evaluating
Paying employees Process costing
Don't know?
2 of 60
Term
What is an account payable?
The amount owed by a company that purchased goods or services
from a supplier on credit
The amount owed to a company that sold goods or services to a
customer on credit
The amount to be paid by a company in repayment of both loans
and dividends
The amount to be paid by a company for dividends to shareholders
Give this one a try later!
The amount owed by a
Summary of the financial position of company that purchased
a company at a particular date goods or services from a
supplier on credit
Raw materials inventory, work-in-
The company's accounting
process inventory, finished goods
information will increase in value.
inventory, cost of goods sold
, Don't know?
3 of 60
Term
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
Give this one a try later!
Manufacturing overhead Predetermined overhead rate
Only controllable costs Statement of cash flows
Don't know?
, 4 of 60
Term
Which label is given to the cost of the wood used in the construction
of a piece of wooden furniture?
Manufacturing overhead
Selling and administrative
Direct materials
Direct labor
Give this one a try later!
Manufacturing overhead Administrative expense budget
Opportunity costs Direct materials
Don't know?
AND ANSWERS
Correct
Incorrect
company?
You Selected
overhead
Cost of goods sold
, Planning, controlling, and
Selling expense
evaluating
Paying employees Process costing
Don't know?
2 of 60
Term
What is an account payable?
The amount owed by a company that purchased goods or services
from a supplier on credit
The amount owed to a company that sold goods or services to a
customer on credit
The amount to be paid by a company in repayment of both loans
and dividends
The amount to be paid by a company for dividends to shareholders
Give this one a try later!
The amount owed by a
Summary of the financial position of company that purchased
a company at a particular date goods or services from a
supplier on credit
Raw materials inventory, work-in-
The company's accounting
process inventory, finished goods
information will increase in value.
inventory, cost of goods sold
, Don't know?
3 of 60
Term
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
Give this one a try later!
Manufacturing overhead Predetermined overhead rate
Only controllable costs Statement of cash flows
Don't know?
, 4 of 60
Term
Which label is given to the cost of the wood used in the construction
of a piece of wooden furniture?
Manufacturing overhead
Selling and administrative
Direct materials
Direct labor
Give this one a try later!
Manufacturing overhead Administrative expense budget
Opportunity costs Direct materials
Don't know?
