WGU Accounting Information Systems Pre-Assessment// (Top 2024/2025 EXAM REVIEW PAPERS / GRADED A+/ 100% Accurate)

WGU Accounting Information Systems Pre-Assessment What are two traits of useful information? a) accessibility b) reliability c) measurability d) quantifiability -A & B Businesses must pay a variety of taxes. Match each item of information to the type of tax that requires it. Answer options may be used more than once or not at all. a) point-of-purchase rate tables b) total wage expense c) total sales 1) sales tax 2) payroll tax - a) 1 b) 2 c) 1 Which events are part of the revenue cycle? a) hiring employees, preparing payroll, and paying taxes b) purchasing raw materials, manufacturing products, and storing finished products c) forecasting cash needs, borrowing money from lenders, and selling stock to investors d) taking orders from customers, shipping finished goods, and depositing payments in the bank - D