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1. If you create a budget with locations, prior entries are classified as a. Prior to Budget b. Not Specified c. Unknown d. Unbudgeted 2.Depreciation

1. If you create a budget with locations, prior entries are classified as

a. Prior to Budget

b. Not Specified

c. Unknown

d. Unbudgeted

2.Depreciation is recorded for the decrease in value of a fixed asset.

True

False

3. QuickBooks Online uses the cash-basis of accounting by default.

True

False

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