Which of the following is correct? a. Statement of Cash Flows is reported on a particular date Income Statement is reported on a particular date c. Balance Sheet is reported on a particular date b. d. Balance Sheet is reported for a specific time period Q10.7 QuickBooks Online uses which basis of accounting? a. Accrual

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
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Chapter10: Financial Statements And Reports
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Q10.6
Which of the following is correct?
a. Statement of Cash Flows is reported on a particular date
b. Income Statement is reported on a particular date
C. Balance Sheet is reported on a particular date
d. Balance Sheet is reported for a specific time period
Q10.7
QuickBooks Online uses which basis of accounting?
a. Accrual
b. Cash
c. Both a and b
d. Neither a nor b
Q10.8
The Profit and Loss Statement lists:
a. Assets, Revenues, and Owners' Equity
b. Assets, Liabilities, and Owners' Equity
C. Revenues, Expenses, and Net Income
d. Revenues, Liabilities, and Net Income
Transcribed Image Text:Q10.6 Which of the following is correct? a. Statement of Cash Flows is reported on a particular date b. Income Statement is reported on a particular date C. Balance Sheet is reported on a particular date d. Balance Sheet is reported for a specific time period Q10.7 QuickBooks Online uses which basis of accounting? a. Accrual b. Cash c. Both a and b d. Neither a nor b Q10.8 The Profit and Loss Statement lists: a. Assets, Revenues, and Owners' Equity b. Assets, Liabilities, and Owners' Equity C. Revenues, Expenses, and Net Income d. Revenues, Liabilities, and Net Income
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