Ashford University

Which quick books function would be most useful when preparing 1099 tax formsWhich quick books function would be most useful when preparing 1099 tax formsAnswer & ExplanationThe "Prepare 1099s" function in QuickBooks would be the most useful when preparing 1099 tax forms. Here's a step-by-step guide on how to use it:1.Select Vendors: From the QuickBooks home page, go to the "Vendors" menu and select "Print/E-file 1099s".2.Get Started: Click on "Get Started"...

Which of the following would not be included with cash and cash equivalents on the balance sheetQuestionWhich of the following would not be included with cash and cash equivalents on the balance sheet? a. Unrestricted funds on deposit b. Checks . Sinking funds d. Undeposited credit card sales receipts Which of the following would not be classified as a trade receivable a . Customer accounts receivable for the sale of merchandise on account b Short-term customer note receivable in exchange ...

Which of the following statements is trueWhich of the following statements is true? multiple choice 2 The appendix to this chapter covers the LIFO method of process costing. The appendix to this chapter covers the FIFO method of process costing. The appendix to this chapter covers the weighted-average method of process costing. The appendix to this chapter covers the average cost method of process costing.Answer & ExplanationTo determine which statement is true, we need to identify the met...

Which of the following is true for KN95 masksQuestionWhich of the following is true for KN95 masks? A. Meets Chinese standards B. Meets Korean standards C. Meets Canadian standards D. None of the aboveAnswer & ExplanationThe correct answer is A. Meets Chinese standards.Explanation:1.KN95 Masks:oKN95 masks are a type of filtering facepiece respirator that meets the Chinese standard GB or GB.oThe "KN" in KN95 stands for the regulatory standard for respiratory equipment overseen by the ...

Which of the following is NOT a separately stated itemWhich of the following is NOT a separately stated item? Multiple choice question. Capital gains and losses Sales revenue less costs of goods sold Section 1231 gains and losses Tax-exempt income Dividend incomeAnswer & ExplanationThe correct answer is "Sales revenue less costs of goods sold".Explanation:Separately stated items are those that are reported separately on a partner's Schedule K-1 in a partnership or shareholder's...

Which of the following describes the journal entry for applying manufacturing overhead to the Formulating DepartmentWhich of the following describes the journal entry for applying manufacturing overhead to the Formulating Department? multiple choice 2 Debit Work in Process—Formulating; credit Manufacturing Overhead Debit Manufacturing Overhead; credit Work in Process—Formulating Debit Finished Goods—Formulating; credit Manufacturing Overhead Debit Manufacturing Overhea...

Which of the following chart types would be best for showing the annual revenue growth of leading tech companies over the last five yearsQuestionWhich of the following chart types would be best for showing the annual revenue growth of leading tech companies over the last five years? Which of the following chart types would be best for showing the annual revenue growth of leading tech companies over the last five years? Pie chart Bar chart Line chart Scatter plotAnswer & ExplanationThe best...

Which of the follow2Question1. Which of the follow2. Which of the following types of depreciation is relevant to real estate...? Economic depreciation Material depreciation Capital depreciation Unit-of-production depreciaing is considered a depreciable asset...? Land Buildings Personal use assets FurnitureAnswer & ExplanationLet's address each question separately:1.Which of the following is considered a depreciable asset?oLand: Land is not considered a depreciable asset because it does ...

Where were the intangible assets on the parent or subsidiaryWhere were the intangible assets on the parent or subsidiary's balance sheets? On the parent's balance sheet embedded in the equity investment account. On the subsidiary's balance sheet, each intangible asset is listed. On the parent's balance sheet embedded in the equity investment account. After the consolidation process is complete, each intangible asset is listed on the consolidated balance sheet. On the subsidiary...

where do you assign group chart of accountsQuestionwhere do you assign group chart of accounts? general ledger account; company code; company; operating chart of accountsAnswer & ExplanationIn SAP, the group chart of accounts is assigned at the company code level. Here's a step-by-step explanation:1.Understanding Chart of Accounts:oA chart of accounts (COA) is a list of all general ledger accounts used by one or several company codes.oThe group chart of accounts is used to provide an ov...