1 | Page
WGU D366 PRE ASSESSMENT CONCEPTUAL EXAM
WITH 100% CORRECT AND VERIFIED ANSWERS
LATEST UPDATE
100% Correct 90
Incorrect 00
Your answers
1 of 90
Term
Endothon Company, an electronics manufacturer, follows the mixed
attribute measurement model to measure its assets, liabilities, expenses,
and income. Which asset's measurement closely reflects
current market conditions?
Give this one a try later!
,2 | Page
Investments measured at Inventories measured at lower
original purchase price of cost or fair value
Buildings measured at Equipment measured at historical
replacement value cost
Don't know?
2 of 90
Term
Wild Parsley Grill's financial analyst is preparing the forecast financial
statements for the next five years. The analyst lists the company
properties in its projected financial records.Which current year
document should the financial analyst refer to?
Give this one a try later!
Form 10-Q quarterly report Form 8-K current report
Form 10-K annual report Form S-1 registration statement
Don't know?
3 of 90
Term
,3 | Page
A financial analyst is tasked with analyzing a manufacturing company.
The financial analyst found that the manufacturing company reported
land as $7,000,000 on its balance sheet. In the notes to financial
statements for land, the company stated that the land was appraised
this year, and the company recorded an impairment loss of $2,000,000
after 10 years of holding the land. The company's net income for the
year is $10,000,000. Which analysis should the financial analyst make
based on the given data to analyze this company?
Give this one a try later!
The analyst should increase
the company's net income The analyst should conclude the
by the land's impairment company appraises its land valuation
amount for every 10 years.
future profitability analysis.
The analyst should increase the The analyst should conclude that the
company's land value by company has used the adjusted
$2,000,000 for further analysis of historical cost method in the
the company's balance sheet. valuation of land.
Don't know?
, 4 | Page
4 of 90
Term
A building materials manufacturing company reported net income of
$4,125,000 for 20X8. In the statement of cash flows for 20X8, the net
cash flows from operations is $7,315,000. What is a possible reason for
the reported net income to be significantly lower than the cash flow
from operations?
Give this one a try later!
Purchases of property and High amortization expenses in
equipment in 20x8 20X8
Decrease Proceeds from the issuance of long-
in accounts payable in 20x8
term debt in 20x8
Don't know?
5 of 90
Term
The financial analyst of Paradigm Toys is analyzing its income statement
and balance sheet for 20X5. The financial analyst gives the following
crucial facts in relation to the prior year:
The net revenue has increased by 12.5%.
There is no change in the long-term debts.
The shareholders' equity has decreased by 8%.
WGU D366 PRE ASSESSMENT CONCEPTUAL EXAM
WITH 100% CORRECT AND VERIFIED ANSWERS
LATEST UPDATE
100% Correct 90
Incorrect 00
Your answers
1 of 90
Term
Endothon Company, an electronics manufacturer, follows the mixed
attribute measurement model to measure its assets, liabilities, expenses,
and income. Which asset's measurement closely reflects
current market conditions?
Give this one a try later!
,2 | Page
Investments measured at Inventories measured at lower
original purchase price of cost or fair value
Buildings measured at Equipment measured at historical
replacement value cost
Don't know?
2 of 90
Term
Wild Parsley Grill's financial analyst is preparing the forecast financial
statements for the next five years. The analyst lists the company
properties in its projected financial records.Which current year
document should the financial analyst refer to?
Give this one a try later!
Form 10-Q quarterly report Form 8-K current report
Form 10-K annual report Form S-1 registration statement
Don't know?
3 of 90
Term
,3 | Page
A financial analyst is tasked with analyzing a manufacturing company.
The financial analyst found that the manufacturing company reported
land as $7,000,000 on its balance sheet. In the notes to financial
statements for land, the company stated that the land was appraised
this year, and the company recorded an impairment loss of $2,000,000
after 10 years of holding the land. The company's net income for the
year is $10,000,000. Which analysis should the financial analyst make
based on the given data to analyze this company?
Give this one a try later!
The analyst should increase
the company's net income The analyst should conclude the
by the land's impairment company appraises its land valuation
amount for every 10 years.
future profitability analysis.
The analyst should increase the The analyst should conclude that the
company's land value by company has used the adjusted
$2,000,000 for further analysis of historical cost method in the
the company's balance sheet. valuation of land.
Don't know?
, 4 | Page
4 of 90
Term
A building materials manufacturing company reported net income of
$4,125,000 for 20X8. In the statement of cash flows for 20X8, the net
cash flows from operations is $7,315,000. What is a possible reason for
the reported net income to be significantly lower than the cash flow
from operations?
Give this one a try later!
Purchases of property and High amortization expenses in
equipment in 20x8 20X8
Decrease Proceeds from the issuance of long-
in accounts payable in 20x8
term debt in 20x8
Don't know?
5 of 90
Term
The financial analyst of Paradigm Toys is analyzing its income statement
and balance sheet for 20X5. The financial analyst gives the following
crucial facts in relation to the prior year:
The net revenue has increased by 12.5%.
There is no change in the long-term debts.
The shareholders' equity has decreased by 8%.
