WGU C213 PRE ASSESSMENT PRACTICE
PAPER 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◉Which two requirements must management of public companies
meet under the Sarbanes-Oxley Act?
Choose 2 answers Answer: They must provide an assessment of the
effectiveness of internal controls with each annual report. They must
support a stronger board and audit committee.
◉Which two actions do internal auditors perform to assist in
maintaining the integrity of financial statements?
Choose 2 answers Answer: They search for and investigate fraud.
They review financial records and internal controls.
◉What is a significant role of the U.S. Securities and Exchange
Commission (SEC) in financial reporting? Answer: They ensure that
financial statement users are provided with reliable information to
use in decision making
, ◉What does management accounting provide?
Choose 2 answers Answer: The insight that management needs so
the business can perform more effectively. The detailed data that
managers need to make decisions that will give the business a
competitive edge.
◉How does management accounting differ from financial
accounting? Answer: Management accounting is used primarily for
internal planning, control, and evaluation.
◉Which account is seen on the balance sheet of a manufacturing
company but not on the balance sheet of a service-oriented
company? Answer: Inventory
◉What is a cost that will change in the future based upon the
decision made? Answer: Differential cost
◉Which two examples are period costs?
Choose 2 answers Answer: Administrative expenses. Selling
expenses.
◉A company manufactures custom-built wooden bookshelves.
PAPER 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◉Which two requirements must management of public companies
meet under the Sarbanes-Oxley Act?
Choose 2 answers Answer: They must provide an assessment of the
effectiveness of internal controls with each annual report. They must
support a stronger board and audit committee.
◉Which two actions do internal auditors perform to assist in
maintaining the integrity of financial statements?
Choose 2 answers Answer: They search for and investigate fraud.
They review financial records and internal controls.
◉What is a significant role of the U.S. Securities and Exchange
Commission (SEC) in financial reporting? Answer: They ensure that
financial statement users are provided with reliable information to
use in decision making
, ◉What does management accounting provide?
Choose 2 answers Answer: The insight that management needs so
the business can perform more effectively. The detailed data that
managers need to make decisions that will give the business a
competitive edge.
◉How does management accounting differ from financial
accounting? Answer: Management accounting is used primarily for
internal planning, control, and evaluation.
◉Which account is seen on the balance sheet of a manufacturing
company but not on the balance sheet of a service-oriented
company? Answer: Inventory
◉What is a cost that will change in the future based upon the
decision made? Answer: Differential cost
◉Which two examples are period costs?
Choose 2 answers Answer: Administrative expenses. Selling
expenses.
◉A company manufactures custom-built wooden bookshelves.
