SNHU ACC 202 UPDATED SCRIPT 2026
PRACTICE SOLUTIONS GRADED A+
● A credit is used to record an increase in which of the following
accounts?
Cash
Supplies
Accounts Payable
Correct
Wages Expense
Prepaid Insurance. Answer: accounts payable
● Which of the following is classified as a current asset?
Multiple ChoiceBuildings.
Land.
Unearned revenue.
Accounts receivable.
Equipment.. Answer: Accounts receivable.
, ● An internal control system consists of the policies and procedures
managers use to do all of the following except:
Multiple ChoicePromote efficiency.
Determine pricing for products.
Uphold company policies.
Ensure reliable accounting.
Protect assets.. Answer: Determine pricing for products.
● Which of the following costs is not included in factory overhead?
Indirect labor.
Depreciation of manufacturing equipment.
Repairs of factory equipment.
Indirect materials.
Direct materials.. Answer: Direct materials
● Which of the following is an indirect cost of manufacturing scooters?
Multiple Choice
Scooter assembly wages.
PRACTICE SOLUTIONS GRADED A+
● A credit is used to record an increase in which of the following
accounts?
Cash
Supplies
Accounts Payable
Correct
Wages Expense
Prepaid Insurance. Answer: accounts payable
● Which of the following is classified as a current asset?
Multiple ChoiceBuildings.
Land.
Unearned revenue.
Accounts receivable.
Equipment.. Answer: Accounts receivable.
, ● An internal control system consists of the policies and procedures
managers use to do all of the following except:
Multiple ChoicePromote efficiency.
Determine pricing for products.
Uphold company policies.
Ensure reliable accounting.
Protect assets.. Answer: Determine pricing for products.
● Which of the following costs is not included in factory overhead?
Indirect labor.
Depreciation of manufacturing equipment.
Repairs of factory equipment.
Indirect materials.
Direct materials.. Answer: Direct materials
● Which of the following is an indirect cost of manufacturing scooters?
Multiple Choice
Scooter assembly wages.
