Question 9: How you set up sales tax in QuickBooks depends entirely on: Answer: A. the states in which you conduct business B. how many tax exemptions you have C. your company's name D. your industry Question 10: What is NOT a situation for which you would record a vendor credit? Answer: A. You ordered the wrong item. B. The customer changed their mind. C. An item was damaged in shipment. D. Too many items were shipped. Question 11: What determines how much the Cost of Goods Sold account increases when you sell an item? Answer: A. Whether it's an inventory or non-inventory item B. The difference between what you paid for the item and what you will sell it for C. The amount you paid for the item when purchased D. Sales tax