Which One of the Following General Statements About Sales Is

question 4

Multiple Choice

Which one of the following general statements about sales is true -

• A)journal reports may be accessed from either the home or the customers windows
• B)new customers may be added from both the sales and receipts journals
• C)the message "there is no data to report" may be found in the journal reports
• D)all of the above

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Definitions:

Royalties

Payments made to owners of intellectual property, like patents or copyrights, in exchange for usage rights.

Form 1099-MISC

A document used to report miscellaneous income such as payments made to independent contractors, rent, or awards.

Payer

An entity or individual who makes a payment to another.

Rental Properties

Real estate properties rented out to tenants, generating income for the owner which must be reported for tax purposes.