need help with HomeWork

QUESTION 6

The Income Tax Preparation report:

		Summarizes income and expenses that should be listed on a business income tax return
		Lists the assigned tax line for each account
		Provides detailed information about the income and expenses
		All of the choices are correct

QUESTION 7

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

		Investing activities
		Financing activities
		Sales activities
		Operating activities

QUESTION 8

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

		Income Tax Preparation report
		Income Tax Detail report
		Income Tax Summary report
		Income Tax Mapping report

QUESTION 9

To prepare the Profit & Loss report, select:

		Reports Center > Company & Financials
		Reports Center > Accountant & Taxes
		Company Center > Company & Financials
		Company Center > Accountant & Taxes

QUESTION 10

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

		Investing activities
		Financing activities
		Sales activities
		Operating activities