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WGU D102 FINANCIAL ACCOUNTING UNIT
7 EXAM 2025/2026 BRAND NEW
QUESTIONS WITH ANSWERS| ACE YOUR
GRADES!
1. purchase return - correct answer -when unsatisfactory
merchandise purchased by a buyer is returned to the supplier
2. purchase discount - correct answer -when a retailer gets a
reduction from their wholesalers for paying quickly
3. inventory shrinkage - correct answer -the amount of inventory
that is lost, stolen, or spoiled during a period
4. obsolenscence - correct answer -a notable decrease in the
worth or utility of an inventory item; typically results in a write-
down of the inventory item to reflect its reduced value
WGU D102 FINANCIAL ACCOUNTING UNIT
7 EXAM 2025/2026 BRAND NEW
QUESTIONS WITH ANSWERS| ACE YOUR
GRADES!
1. purchase return - correct answer -when unsatisfactory
merchandise purchased by a buyer is returned to the supplier
2. purchase discount - correct answer -when a retailer gets a
reduction from their wholesalers for paying quickly
3. inventory shrinkage - correct answer -the amount of inventory
that is lost, stolen, or spoiled during a period
4. obsolenscence - correct answer -a notable decrease in the
worth or utility of an inventory item; typically results in a write-
down of the inventory item to reflect its reduced value
