Which 2 statements are true regarding Classes in QuickBooks Online? One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again. Classes affect the source of a transaction You can assign multiple classes to a transaction Classes can be renamed "divisions," "departments," etc., to suit different companies Columns in a Balance Sheet by Class will always balance The unspecified column on a Profit and Loss by Class represents transactions that have not had a class specified