To Increase Collections of Payments,you Can Use All the Following

question 16

Multiple Choice

To increase collections of payments,you can use all the following QuickBooks features,except:

• A)Accounts Receivable Aging Report
• B)Customers with Open Invoices Report
• C)Collections Report
• D)Accounts Payable Aging Report

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Definitions:

Goodwill

represents the excess of the purchase price over the fair value of the net assets of the acquired company in a business combination.

NCI

Non-Controlling Interest, a line item on the consolidated balance sheet that reflects the equity in a subsidiary not attributable directly or indirectly to the parent company.

Consolidation Approach

An accounting method used where a parent company combines its financial statements with those of its subsidiaries as if they comprise a single entity.

Parent-Company Method

An approach in consolidation where the financial statements of the parent company include its subsidiaries' operations by integrating their assets, liabilities, and equity as if they were wholly owned.