WGU D102 FINANCIAL ACCOUNTING FINAL OA EXAM
2026/2027 TEST BANK 1 LATEST ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+|PROFESSOR VERIFIED| LATEST
VERSION!!
For purposes of cash flow classification in the statement of
cash flows, which item is an investing activity?
a. Repaying loans
b. Borrowing money
c. Distribution to owners
d. Purchasing land - ANSWER-d
,Is true or false that :
FASB : accounting standards for publicity listed companies
GAAP : rules governing financial . Set by private, non-
governate group Fasb and IASB
GASB : private non-governmental that seeks improve acct
practices and procedures.
IASB : founded in 1973- international accounting
standards. - ANSWER-true
Direct Labor Budget (memorize)
a. schedule of direct labor requirements for budget
period.units needed to produce * hours of labor per unit / #
of hours per week to work / 4 weeks in a month = how
many employees needed - ANSWER-a.
,Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
Fixed costs $120,000
What is Prints Plus's contribution margin per unit?
a. $30
b. $50
c.$60
d.$ 4,000 - ANSWER-a
, Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
Fixed costs $120,000
What is Prints Plus's contribution margin ratio?
a. .030
b . 0.50
c.0.80
d. 0.90 - ANSWER-b
Prints Plus reported the following data:
2026/2027 TEST BANK 1 LATEST ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+|PROFESSOR VERIFIED| LATEST
VERSION!!
For purposes of cash flow classification in the statement of
cash flows, which item is an investing activity?
a. Repaying loans
b. Borrowing money
c. Distribution to owners
d. Purchasing land - ANSWER-d
,Is true or false that :
FASB : accounting standards for publicity listed companies
GAAP : rules governing financial . Set by private, non-
governate group Fasb and IASB
GASB : private non-governmental that seeks improve acct
practices and procedures.
IASB : founded in 1973- international accounting
standards. - ANSWER-true
Direct Labor Budget (memorize)
a. schedule of direct labor requirements for budget
period.units needed to produce * hours of labor per unit / #
of hours per week to work / 4 weeks in a month = how
many employees needed - ANSWER-a.
,Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
Fixed costs $120,000
What is Prints Plus's contribution margin per unit?
a. $30
b. $50
c.$60
d.$ 4,000 - ANSWER-a
, Prints Plus reported the following data:
Sales price per unit $60
Variable cost per unit 30
Fixed costs $120,000
What is Prints Plus's contribution margin ratio?
a. .030
b . 0.50
c.0.80
d. 0.90 - ANSWER-b
Prints Plus reported the following data:
