7. The Chart of Accounts lists: A Assets, liabilities and owner's equity account. B Income and expense accounts C. Owner's contributions D. All of the above. 8. All of the following are Expense accounts except: A Accounts Payable. B. Advertising C. Rent D Utilities 9. What are assets? A. Amounts owed to others and are future obligations B Net worth of a company C Amounts paid to owners D. Resources that a company owns with future benefit 10. Which of the following is a temporary account? A. Inventory B Sales C. Accounts Payable D. Accounts Receivable 11. To add a new account to the Chart of Accounts: A. From the Lists menu > New Account B. From the Chart of Accounts menu > New Account C. From the Company menu > New Account D. From the Chart of Accounts window > Account > New 12. Which of the following is considered a permanent account? A. Supplies Expense B. Advertising Expense C. Land D. Sales Revenue 13. You can customize QuickBooks to fit your needs in a variety of ways by going to Edit A. Options B. Customize C. My QuickBooks D. Preferences