WGU D196- Principles of Financial and Managerial Accounting | PA | Pre-Assessment | Actual Questions and Answers Latest Updated 2025/2026 (Graded A+)

WGU D196- Principles of Financial and
Managerial Accounting | PA | Pre-Assessment |
Actual Questions and Answers Latest Updated
(Graded A+)



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Incorrect




D196- Principles of Financial and Managerial Accounting

, 1 of 60

Term



Which type of account are accounts payable and notes payable both
examples of?


Liability
Expense
Asset
Equity



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Cost of goods sold Equity




Liability Process costing


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2 of 60

Term


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.

,during the period.

, 3 of 60

Term


What is the correct sequence for the flow of costs through a job order
costing system?
Raw materials inventory, work-in-process inventory, cost of goods
sold, finished goods inventory
Raw materials inventory, cost of goods sold, work-in-process
inventory, finished goods inventory
Raw materials inventory, work-in-process inventory, finished goods
inventory, cost of goods sold
Raw materials inventory, finished goods inventory, cost of goods sold,
work-in-process inventory



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Raw materials inventory, work-
in-process inventory, finished
Sales, production, direct materials
goods inventory, cost of goods
sold




Raw materials, work-in-process, The company's accounting
finished goods, cost of goods sold information will increase in value.


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4 of 60