When is the best time to set up sales tax in your company file? A. when the tax agency charges you with failure to file B. when you sell your first taxable product or service C. when you set up the company file; be sure to activate all tax agencies D. when you register for and have been assigned a sales tax number When you set up an account for a new company vehicle, select, A. Expense B. Current Asset C. Equity D. Property, Plant and Equipment . Which expense would most likely be classified as Cost of Goods Sold? A. Office Rent B. Raw Materials C. Utilities D. Health Insurance as the account type.