WGU D074 Principles of Accounting Exam
Questions 2025 | Verified Answers, Complete
Study Guide, and A+ Graded Solutions
One activity most businesses have in common is the
acquisition of resources. Which example is an external
transaction where a business is acquiring a resource?
A: Purchasing new equipment from a manufacturer
B: Announcing the closing of a manufacturing facility
C: Announcing the development of a new product
D:Transferring money in a company's budget from one
department to another
, A: Purchasing new equipment from a manufacturer
This is an example of an external transaction and
helps the company acquire resources.
Which account is an example of an asset?
A: Unearned revenue
B: Accounts receivable
C: Accounts payable
D: Retained earnings
B: Accounts receivable
Accounts receivable is an asset account.
Brainpower
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Which statement describes the role of ethics in accounting?
Questions 2025 | Verified Answers, Complete
Study Guide, and A+ Graded Solutions
One activity most businesses have in common is the
acquisition of resources. Which example is an external
transaction where a business is acquiring a resource?
A: Purchasing new equipment from a manufacturer
B: Announcing the closing of a manufacturing facility
C: Announcing the development of a new product
D:Transferring money in a company's budget from one
department to another
, A: Purchasing new equipment from a manufacturer
This is an example of an external transaction and
helps the company acquire resources.
Which account is an example of an asset?
A: Unearned revenue
B: Accounts receivable
C: Accounts payable
D: Retained earnings
B: Accounts receivable
Accounts receivable is an asset account.
Brainpower
Read More
Which statement describes the role of ethics in accounting?
