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21. How do you access the Statement of Cash Flows report?
A. Report Center icon > Banking
B. Report Center icon > Company & Financial
C. Report Center icon > Accountant & Taxes
D. Company menu > Company Information
22. What is an asset?
A. Mortgage payable
B. An amount a company owes
C. A resource a company owns
D. None of these
23. What is a liability?
A. Inventory
B. An amount a company owes
C. A resource a company owns
D. None of these
24. Which of the following increases owner's equity?
A. Dividends
B. Business losses
C. Business expenses
D. Business profits
25. The different types of business ownership are:
A. Sole proprietorship
B. Partnership
C. Corporation
D. All of these
26. The Favorites menu allows you to:
A. Add websites that are useful to your business
B. Customize up to 30 of your favorite QuickBooks
menu items
C. Add one favorite QuickBooks menu item
D. None of these
27. What feature helps you to track tasks and due dates?
A. Control
B. Calendar
C. Charting
D. All of these
28. What does the QuickBooks Company Snapshot provide?
29. Briefly explain the purpose and benefits of using a password for
QuickBooks access?
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