WGU D105 - INTERMEDIATE
ACCOUNTING III - UNITS 5-9 EXAM
QUESTIONS & ACCURATE PASSED
ANSWERS UPDATED VERSION
depreciation expense - Correct Answer ✔✔ addition to operating activities
amortization of intangibles and differed charges - Correct Answer ✔✔ addition to
operating activities
amortization of discount on bonds payable - Correct Answer ✔✔ addition to operating
activities
increase in deferred income tax liability - Correct Answer ✔✔ addition to operating
activities
loss on investment in common stock using equity method - Correct Answer ✔✔ addition
to operating activities
loss on sale of plant assets - Correct Answer ✔✔ addition to operating activities
loss on impairment of assets - Correct Answer ✔✔ addition to operating activities
decrease in receivables - Correct Answer ✔✔ addition to operating activities
decrease in inventory - Correct Answer ✔✔ addition to operating activities
decrease in prepaid expense - Correct Answer ✔✔ addition to operating activities
increase in accounts payable - Correct Answer ✔✔ addition to operating activities
increase in accrued liabilities - Correct Answer ✔✔ addition to operating activities
amoritization of premium on bonds payable - Correct Answer ✔✔ deduction to
operating activities
decrease in deferred income tax liability - Correct Answer ✔✔ deduction to operating
activities
income on investment in common stock using equity method - Correct Answer ✔✔
deduction to operating activities
, gain on sale of plant assets - Correct Answer ✔✔ deduction to operating activities
increase in receivables - Correct Answer ✔✔ deduction to operating activities
increase in inventory - Correct Answer ✔✔ deduction to operating activities
increase in prepaid expense - Correct Answer ✔✔ deduction to operating activities
decrease in accounts payable - Correct Answer ✔✔ deduction to operating activities
decrease in accrued liabilities - Correct Answer ✔✔ deduction to operating activities
repurchase of common stock - Correct Answer ✔✔ deduction to financing activities
sale of fixed assets - Correct Answer ✔✔ addition to investing activities
purchase of capital expenditures - Correct Answer ✔✔ deduction in investing activities
issuance of common stock - Correct Answer ✔✔ addition to financing activities
acquisition of a business - Correct Answer ✔✔ deduction in investing activities
proceeds from the sale of a division - Correct Answer ✔✔ addition to investing activities
reduction of equity account - Correct Answer ✔✔ deduction to financing activities
payment of cash for equipment - Correct Answer ✔✔ investing activity
noncurrent asset account - Correct Answer ✔✔ investing activity
long term liabilities - Correct Answer ✔✔ financing activity
making a loan - Correct Answer ✔✔ investing activity
paying dividends - Correct Answer ✔✔ financing activity
purchase of debt (bonds) - Correct Answer ✔✔ investing activity
purchase of equity (stock) securities - Correct Answer ✔✔ investing activity
sale of treasury stock - Correct Answer ✔✔ addition to financing activities
issuance of notes or bonds payable - Correct Answer ✔✔ addition to financing activities
ACCOUNTING III - UNITS 5-9 EXAM
QUESTIONS & ACCURATE PASSED
ANSWERS UPDATED VERSION
depreciation expense - Correct Answer ✔✔ addition to operating activities
amortization of intangibles and differed charges - Correct Answer ✔✔ addition to
operating activities
amortization of discount on bonds payable - Correct Answer ✔✔ addition to operating
activities
increase in deferred income tax liability - Correct Answer ✔✔ addition to operating
activities
loss on investment in common stock using equity method - Correct Answer ✔✔ addition
to operating activities
loss on sale of plant assets - Correct Answer ✔✔ addition to operating activities
loss on impairment of assets - Correct Answer ✔✔ addition to operating activities
decrease in receivables - Correct Answer ✔✔ addition to operating activities
decrease in inventory - Correct Answer ✔✔ addition to operating activities
decrease in prepaid expense - Correct Answer ✔✔ addition to operating activities
increase in accounts payable - Correct Answer ✔✔ addition to operating activities
increase in accrued liabilities - Correct Answer ✔✔ addition to operating activities
amoritization of premium on bonds payable - Correct Answer ✔✔ deduction to
operating activities
decrease in deferred income tax liability - Correct Answer ✔✔ deduction to operating
activities
income on investment in common stock using equity method - Correct Answer ✔✔
deduction to operating activities
, gain on sale of plant assets - Correct Answer ✔✔ deduction to operating activities
increase in receivables - Correct Answer ✔✔ deduction to operating activities
increase in inventory - Correct Answer ✔✔ deduction to operating activities
increase in prepaid expense - Correct Answer ✔✔ deduction to operating activities
decrease in accounts payable - Correct Answer ✔✔ deduction to operating activities
decrease in accrued liabilities - Correct Answer ✔✔ deduction to operating activities
repurchase of common stock - Correct Answer ✔✔ deduction to financing activities
sale of fixed assets - Correct Answer ✔✔ addition to investing activities
purchase of capital expenditures - Correct Answer ✔✔ deduction in investing activities
issuance of common stock - Correct Answer ✔✔ addition to financing activities
acquisition of a business - Correct Answer ✔✔ deduction in investing activities
proceeds from the sale of a division - Correct Answer ✔✔ addition to investing activities
reduction of equity account - Correct Answer ✔✔ deduction to financing activities
payment of cash for equipment - Correct Answer ✔✔ investing activity
noncurrent asset account - Correct Answer ✔✔ investing activity
long term liabilities - Correct Answer ✔✔ financing activity
making a loan - Correct Answer ✔✔ investing activity
paying dividends - Correct Answer ✔✔ financing activity
purchase of debt (bonds) - Correct Answer ✔✔ investing activity
purchase of equity (stock) securities - Correct Answer ✔✔ investing activity
sale of treasury stock - Correct Answer ✔✔ addition to financing activities
issuance of notes or bonds payable - Correct Answer ✔✔ addition to financing activities
