Question 1: Ming's accountant has requested a report that reflects the condition of her business on a certain date. What report does she provide? Answer: A. Statement of Owner's Equity B. Balance Sheet c. Income Statement D. Profit & Loss report Question 6: Gunther has gone through the QuickBooks reports, including those contributed by other users, and can't find the exact one he wants for his business. What should he do? Answer: A. Keep looking; there are many contributed reports, and he just hasn't found the right one yet. B. QuickBooks provides all the reports a company will need, so he should go back through them to find the right one. C. Create a custom report using the Help Me Choose window. D. O Find a similar report and change the title of it in the Modify Report window. Question 10: At the end of the year, where is all net income or loss transferred? Answer: A. Fixed Asset B. Retained Earnings c. Equity D. Assets and Liabilities