Question 1

Cash inflows and outflows related to acquisition and disposal of long-term assets are categorized as cash flows from:

Accepted Answer

A) Investing activities 
B) Financing activities 
C) Sales activities 
D) Operating activities 
A) Investing activities 
B) Financing activities 
C) Sales activities 
D) Operating activities

Question 2

What information does the Balance Sheet provide?

Accepted Answer

A) A summary of cash inflows and outflows over a specific time period 
B) A company's financial position on a specific date 
C) Sales and expenses for a specific time period 
D) None of the above 
A) A summary of cash inflows and outflows over a specific time period 
B) A company's financial position on a specific date 
C) Sales and expenses for a specific time period 
D) None of the above

Question 3

Which of the following determines if the account appears classified properly on the balance sheet?

Accepted Answer

A) Tax-Mapping Line 
B) Account Number 
C) Item Number 
D) None of the above 
A) Tax-Mapping Line 
B) Account Number 
C) Item Number 
D) None of the above

Question 4

Cash inflows and outflows to and from investors and creditors are categorized as cash flows from:

Accepted Answer

A) Investing activities 
B) Financing activities 
C) Sales activities 
D) Operating activities 
A) Investing activities 
B) Financing activities 
C) Sales activities 
D) Operating activities

Question 5

Income tax reports in QuickBooks include all of the following except:

Accepted Answer

A) Income Tax Preparation report 
B) Income Tax Detail report 
C) Income Tax Summary report 
D) Income Tax Mapping report 
A) Income Tax Preparation report 
B) Income Tax Detail report 
C) Income Tax Summary report 
D) Income Tax Mapping report

Question 6

To export reports to Excel:

Accepted Answer

A) With the Report window open, click the Excel button 
B) With the Report window open, click the Export button 
C) With the Report window open, click the Print button 
D) All the above 
A) With the Report window open, click the Excel button 
B) With the Report window open, click the Export button 
C) With the Report window open, click the Print button 
D) All the above

Question 7

Providing information to internal users decision making is the purpose of which of the following?

Accepted Answer

A) Management Reports 
B) Tax forms 
C) Financial statements 
D) Vendor list 
A) Management Reports 
B) Tax forms 
C) Financial statements 
D) Vendor list

Cash inflows and outflows related to acquisition and disposal of long-term assets are categorized as cash flows from:

What information does the Balance Sheet provide?

Which of the following determines if the account appears classified properly on the balance sheet?

Cash inflows and outflows to and from investors and creditors are categorized as cash flows from:

Income tax reports in QuickBooks include all of the following except:

To export reports to Excel:

Providing information to internal users decision making is the purpose of which of the following?

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Customers and Sales

Vendors, Purchases, and Inventory

Employees and Payroll

New Company Setup

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Advanced Quickbooks Features for Accountants

Filters

Exam 7: Reports and Graphs

Cash inflows and outflows related to acquisition and disposal of long-term assets are categorized as cash flows from:

What information does the Balance Sheet provide?

Which of the following determines if the account appears classified properly on the balance sheet?

Cash inflows and outflows to and from investors and creditors are categorized as cash flows from:

Income tax reports in QuickBooks include all of the following except:

To export reports to Excel:

Providing information to internal users decision making is the purpose of which of the following?

Quick Tour of Quickbooks 2011

Customizing Quickbooks and the Chart of Accounts

Banking

Customers and Sales

Vendors, Purchases, and Inventory

Employees and Payroll

New Company Setup

Accounting for a Service Company

Merchandising Corporation: Sales, Purchases and Inventory

Merchandising Corporation: Payroll

Advanced Quickbooks Features for Accountants

Filters