WGU D774 Exam | Introduction to
Business Accounting | Objective
Assessment Exam | 100% Correct &
Rated A+ | 2025/2026 Guide
Endothon Company 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
Which of these accounts are assets?
- Correct Answer - Cash, accounts receivable, and land
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
Unearned Revenue
Which of these accounts are liabilities?
- Correct Answer - Accounts payable, loans payable, and unearned
revenue
How does a comparative balance sheet provide information that is useful
to a decision maker?
- Correct Answer - It compares last year's balance sheet to this year's
balance sheet, allowing for the easy identification of changes.
Which description is a characteristic of owners’ equity?
- Correct Answer - Residual amount representing the net assets of a
company
Which action is a use of cash in an investing activity?
- Correct Answer - Buying a machine
Which statement describes investing activities?
- Correct Answer - Purchasing and selling property, plant, and
equipment
Consider these three cash flows:
Business Accounting | Objective
Assessment Exam | 100% Correct &
Rated A+ | 2025/2026 Guide
Endothon Company 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
Which of these accounts are assets?
- Correct Answer - Cash, accounts receivable, and land
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
Unearned Revenue
Which of these accounts are liabilities?
- Correct Answer - Accounts payable, loans payable, and unearned
revenue
How does a comparative balance sheet provide information that is useful
to a decision maker?
- Correct Answer - It compares last year's balance sheet to this year's
balance sheet, allowing for the easy identification of changes.
Which description is a characteristic of owners’ equity?
- Correct Answer - Residual amount representing the net assets of a
company
Which action is a use of cash in an investing activity?
- Correct Answer - Buying a machine
Which statement describes investing activities?
- Correct Answer - Purchasing and selling property, plant, and
equipment
Consider these three cash flows:
