QuickBooks Online - Chapter 6; Questions with Verified Answers
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Course
Quickbooks online
Institution
Quickbooks Online
QuickBooks Online - Chapter 6; Questions with
Verified Answers
Operating Activity Sales receipt
Investing Activity Purchase of common stock
Financing Activity Sale of a common stock
Fixed Assets Long-term tangible property that a firm own
Fixed Assets ✔✔Long-term tangible property that a firm owns
Long-term investment ✔✔A financial instrument that matures in more than 1
year
Common Stock ✔✔A stockholders' equity account
Dividends ✔✔Distribution of earnings to shareholders
Long-term Debt ✔✔A financial instrument that matures in more than 1 year
Bank Deposit ✔✔Used to record amounts received from a note payable
Journal Entry ✔✔Used to record a purchase of a fixed asset for a note
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