1|Page
WGU D196 TEST BANK FOR OA AND
PREASSESSMENT REVIEW 2026 WITH 250 ACTUAL
EXAM QUESTIONS AND CORRECT
ANSWERS||VERIFIED EXAM!! (100% CORRECT
ANSWERS) D196 PRACTICE EXAM 2024 (NEWEST
EXAM!!!)
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 - Answers-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.
,2|Page
Assets decrease by $5,000; revenues increase by $5,000.
- Answers-Assets decrease by $5,000; expenses increase
by $5,000.
What is a transaction?
Two parties exchanging something of value
A type of commonly used accounting software
A category of merchandiser or retailer
An example of an online business document - Answers-
Two parties exchanging something of value
A company borrowed $80,000 cash from a bank.
How does this transaction affect the accounting equation
of the borrowing company?
Assets increase by $80,000; liabilities increase by
$80,000.
Assets increase by $80,000; owners' equity increases by
$80,000.
Assets increase by $80,000; liabilities decrease by
$80,000.
, 3|Page
Assets increase by $80,000; revenues increase by
$80,000. - Answers-Assets increase by $80,000; liabilities
increase by $80,000.
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 - Answers-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.
The company's accounting information will decrease in
value. - Answers-The company's accounting information
will increase in value.
WGU D196 TEST BANK FOR OA AND
PREASSESSMENT REVIEW 2026 WITH 250 ACTUAL
EXAM QUESTIONS AND CORRECT
ANSWERS||VERIFIED EXAM!! (100% CORRECT
ANSWERS) D196 PRACTICE EXAM 2024 (NEWEST
EXAM!!!)
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 - Answers-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.
,2|Page
Assets decrease by $5,000; revenues increase by $5,000.
- Answers-Assets decrease by $5,000; expenses increase
by $5,000.
What is a transaction?
Two parties exchanging something of value
A type of commonly used accounting software
A category of merchandiser or retailer
An example of an online business document - Answers-
Two parties exchanging something of value
A company borrowed $80,000 cash from a bank.
How does this transaction affect the accounting equation
of the borrowing company?
Assets increase by $80,000; liabilities increase by
$80,000.
Assets increase by $80,000; owners' equity increases by
$80,000.
Assets increase by $80,000; liabilities decrease by
$80,000.
, 3|Page
Assets increase by $80,000; revenues increase by
$80,000. - Answers-Assets increase by $80,000; liabilities
increase by $80,000.
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 - Answers-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.
The company's accounting information will decrease in
value. - Answers-The company's accounting information
will increase in value.
