WGU D196 OA AND PRE-ASSESSMENT EXAM
LATEST 2025 D196 WGU OA AND PRE ASSESSMENT
ACTUAL EXAM 2025 QUESTIONS AND CORRECT
ANSWERS RATED A+
What is book value?
a. an expensive book for the bookstore
b. The value of a company measured by the amount of owner's equity in the
company
c. The value of a company measured by the amount of revenue in the company.
d. none of the answers - ✔✔✔ Correct Answer > b
.............
is refers to the relationship between an operating statement (the income
statement or the statement of cash flows) and comparative balance sheets,
whereby an item on the operating statement helps explain the change in an item
on the balance sheet from one period to the next.
A. book value
B. Articulation
C. Bookkeeping
D. None of the answers - ✔✔✔ Correct Answer > b
,Which statement about managerial accounting data is true?
Managerial accounting data are created based on competitive needs that are
unique to the organization.
a. Managerial accounting can be a competitive tool.
Managerial accounting data are used by competitors to exploit weaknesses in a
company.
b. Managerial accounting data are primarily used by creditors and investors.
c. Managerial accounting data are not made publicly available, so creditors and
investors do not have access to them. Financial accounting data are publicly
available.
d. Managerial accounting reports are based on generally accepted accounting
principles. - ✔✔✔ Correct Answer > a
Which characteristic is a unique feature of management accounting information?
a. Management accounting information is often made available for public
consumption.
b. Management accounting information is composed of both financial and
nonfinancial data.
c. Management accounting information is generally restricted to only financial
data.
d. Management accounting information is primarily used to produce financial
statements. - ✔✔✔ Correct Answer > b
Which group represents the primary users of managerial accounting information?
a. Bankers
b. Public stockholders
c. customers
,d. Managers - ✔✔✔ Correct Answer > d
Which type of business purchases finished goods for resale?
a. Merchandising
b.Nonprofit
c. Manufacturing
d. Service - ✔✔✔ Correct Answer > a
Which types of costs does a merchandiser have?
a. Both product and period costs
b. Merchandisers have both product and period costs
c. Product costs only
d. Neither product nor period costs /Period costs only - ✔✔✔ Correct Answer > a
Which type of business purchases finished goods for resale?
Merchandising
a. Merchandising
b. non profit
c. A manufacturing
d. Service - ✔✔✔ Correct Answer > a
What costs are included in manufacturing overhead?
a. All manufacturing costs that are not classified as direct materials or direct labor
, b. All manufacturing costs that are classified as direct materials
c. All manufacturing costs that are classified as direct labor
d. All manufacturing costs that are not classified as selling, general, or
administrative - ✔✔✔ Correct Answer > a
What is work-in-process inventory?
a. All material that is segregated in the finished goods warehouse
b. All rejected material that is segregated in the raw materials warehouse
c. All material on the factory floor that is not yet completed
d .All material that has been sold to customers but not yet recorded - ✔✔✔
Correct Answer > c
1. Which budget should include all production costs other than those for direct
materials and direct labor?
A.Sales budget
B.Direct materials budget
C.Manufacturing overhead budget
D. Production budget - ✔✔✔ Correct Answer > c
2. Which account is a common asset account?
A.Accounts payables
B.Equity
C.Accounts receivable
D. Utilities Expense - ✔✔✔ Correct Answer > c
LATEST 2025 D196 WGU OA AND PRE ASSESSMENT
ACTUAL EXAM 2025 QUESTIONS AND CORRECT
ANSWERS RATED A+
What is book value?
a. an expensive book for the bookstore
b. The value of a company measured by the amount of owner's equity in the
company
c. The value of a company measured by the amount of revenue in the company.
d. none of the answers - ✔✔✔ Correct Answer > b
.............
is refers to the relationship between an operating statement (the income
statement or the statement of cash flows) and comparative balance sheets,
whereby an item on the operating statement helps explain the change in an item
on the balance sheet from one period to the next.
A. book value
B. Articulation
C. Bookkeeping
D. None of the answers - ✔✔✔ Correct Answer > b
,Which statement about managerial accounting data is true?
Managerial accounting data are created based on competitive needs that are
unique to the organization.
a. Managerial accounting can be a competitive tool.
Managerial accounting data are used by competitors to exploit weaknesses in a
company.
b. Managerial accounting data are primarily used by creditors and investors.
c. Managerial accounting data are not made publicly available, so creditors and
investors do not have access to them. Financial accounting data are publicly
available.
d. Managerial accounting reports are based on generally accepted accounting
principles. - ✔✔✔ Correct Answer > a
Which characteristic is a unique feature of management accounting information?
a. Management accounting information is often made available for public
consumption.
b. Management accounting information is composed of both financial and
nonfinancial data.
c. Management accounting information is generally restricted to only financial
data.
d. Management accounting information is primarily used to produce financial
statements. - ✔✔✔ Correct Answer > b
Which group represents the primary users of managerial accounting information?
a. Bankers
b. Public stockholders
c. customers
,d. Managers - ✔✔✔ Correct Answer > d
Which type of business purchases finished goods for resale?
a. Merchandising
b.Nonprofit
c. Manufacturing
d. Service - ✔✔✔ Correct Answer > a
Which types of costs does a merchandiser have?
a. Both product and period costs
b. Merchandisers have both product and period costs
c. Product costs only
d. Neither product nor period costs /Period costs only - ✔✔✔ Correct Answer > a
Which type of business purchases finished goods for resale?
Merchandising
a. Merchandising
b. non profit
c. A manufacturing
d. Service - ✔✔✔ Correct Answer > a
What costs are included in manufacturing overhead?
a. All manufacturing costs that are not classified as direct materials or direct labor
, b. All manufacturing costs that are classified as direct materials
c. All manufacturing costs that are classified as direct labor
d. All manufacturing costs that are not classified as selling, general, or
administrative - ✔✔✔ Correct Answer > a
What is work-in-process inventory?
a. All material that is segregated in the finished goods warehouse
b. All rejected material that is segregated in the raw materials warehouse
c. All material on the factory floor that is not yet completed
d .All material that has been sold to customers but not yet recorded - ✔✔✔
Correct Answer > c
1. Which budget should include all production costs other than those for direct
materials and direct labor?
A.Sales budget
B.Direct materials budget
C.Manufacturing overhead budget
D. Production budget - ✔✔✔ Correct Answer > c
2. Which account is a common asset account?
A.Accounts payables
B.Equity
C.Accounts receivable
D. Utilities Expense - ✔✔✔ Correct Answer > c
