8/3/25, 2:03 PM WGU D196 Pre-Assessment (2025) (TESTING EXAM QUESTIONS) AND VERIFIED ANSWERS (MULTIPLE CHOICES) ||A+ GRA…
WGU D196 Pre-Assessment (2025) (TESTING
EXAM QUESTIONS) AND VERIFIED ANSWERS
(MULTIPLE CHOICES) ||A+ GRADED |100%
CORRECT!!
Save
Terms in this set (56)
What is the effect of a The company's accounting information will increase in
company's accounting value.
department maintaining
high ethical standards?
-The company can report
more favorable results in
its financial statements.
-The company's
accounting information
will decrease in value.
-The company can hire
fewer accountants to do
the same amount of work.
-The company's
accounting information
will increase in value.
https://quizlet.com/1063647202/wgu-d196-pre-assessment-2025-testing-exam-questions-and-verified-answers-multiple-choices-a-graded-100-correct… 1/24
,8/3/25, 2:03 PM WGU D196 Pre-Assessment (2025) (TESTING EXAM QUESTIONS) AND VERIFIED ANSWERS (MULTIPLE CHOICES) ||A+ GRA…
Why might employees be Financial statement data are often used in determining
interested in their employee bonuses.
company's financial
accounting information?
-Financial statement data
are used to record long
term liabilities.
-Financial statement data
provide detailed internal
budget information.
-Financial statement data
are often used in
determining employee
bonuses.
-Financial statement data
provide item-by-item
product cost information.
Which group establishes Financial Accounting Standards Board (FASB)
financial accounting rules
in the United States?
-Internal Revenue Service
(IRS)
-American Institute of
Certified Public
Accountants (AICPA)
-Financial Accounting
Standards Board (FASB)
-International Accounting
Standards Board (IASB)
https://quizlet.com/1063647202/wgu-d196-pre-assessment-2025-testing-exam-questions-and-verified-answers-multiple-choices-a-graded-100-correct… 2/24
, 8/3/25, 2:03 PM WGU D196 Pre-Assessment (2025) (TESTING EXAM QUESTIONS) AND VERIFIED ANSWERS (MULTIPLE CHOICES) ||A+ GRA…
Which report is one of the Statement of cash flows
three primary financial
statements?
-Statement of stakeholder
funds
-Statement of cash flows
-Statement of the
accounting cycle
-Statement of
management accounting
A company paid $5,000 Assets decrease by $5,000; expenses increase by
cash in advertising costs. $5,000.
How does this transaction
affect the paying
company's accounting
equation?
-Assets decrease by
$5,000; expenses increase
by $5,000.
-Assets decrease by
$5,000; liabilities increase
by $5,000.
-Assets decrease by
$5,000; revenues increase
by $5,000.
-Assets increase by
$5,000; expenses increase
by $5,000.
https://quizlet.com/1063647202/wgu-d196-pre-assessment-2025-testing-exam-questions-and-verified-answers-multiple-choices-a-graded-100-correct… 3/24
WGU D196 Pre-Assessment (2025) (TESTING
EXAM QUESTIONS) AND VERIFIED ANSWERS
(MULTIPLE CHOICES) ||A+ GRADED |100%
CORRECT!!
Save
Terms in this set (56)
What is the effect of a The company's accounting information will increase in
company's accounting value.
department maintaining
high ethical standards?
-The company can report
more favorable results in
its financial statements.
-The company's
accounting information
will decrease in value.
-The company can hire
fewer accountants to do
the same amount of work.
-The company's
accounting information
will increase in value.
https://quizlet.com/1063647202/wgu-d196-pre-assessment-2025-testing-exam-questions-and-verified-answers-multiple-choices-a-graded-100-correct… 1/24
,8/3/25, 2:03 PM WGU D196 Pre-Assessment (2025) (TESTING EXAM QUESTIONS) AND VERIFIED ANSWERS (MULTIPLE CHOICES) ||A+ GRA…
Why might employees be Financial statement data are often used in determining
interested in their employee bonuses.
company's financial
accounting information?
-Financial statement data
are used to record long
term liabilities.
-Financial statement data
provide detailed internal
budget information.
-Financial statement data
are often used in
determining employee
bonuses.
-Financial statement data
provide item-by-item
product cost information.
Which group establishes Financial Accounting Standards Board (FASB)
financial accounting rules
in the United States?
-Internal Revenue Service
(IRS)
-American Institute of
Certified Public
Accountants (AICPA)
-Financial Accounting
Standards Board (FASB)
-International Accounting
Standards Board (IASB)
https://quizlet.com/1063647202/wgu-d196-pre-assessment-2025-testing-exam-questions-and-verified-answers-multiple-choices-a-graded-100-correct… 2/24
, 8/3/25, 2:03 PM WGU D196 Pre-Assessment (2025) (TESTING EXAM QUESTIONS) AND VERIFIED ANSWERS (MULTIPLE CHOICES) ||A+ GRA…
Which report is one of the Statement of cash flows
three primary financial
statements?
-Statement of stakeholder
funds
-Statement of cash flows
-Statement of the
accounting cycle
-Statement of
management accounting
A company paid $5,000 Assets decrease by $5,000; expenses increase by
cash in advertising costs. $5,000.
How does this transaction
affect the paying
company's accounting
equation?
-Assets decrease by
$5,000; expenses increase
by $5,000.
-Assets decrease by
$5,000; liabilities increase
by $5,000.
-Assets decrease by
$5,000; revenues increase
by $5,000.
-Assets increase by
$5,000; expenses increase
by $5,000.
https://quizlet.com/1063647202/wgu-d196-pre-assessment-2025-testing-exam-questions-and-verified-answers-multiple-choices-a-graded-100-correct… 3/24
