Which of the Following Statements Is FALSE About a Form

question 20

Multiple Choice

Which of the following statements is FALSE about a form template?

• A)It includes the standard layout,structure,and formatting of a form.
• B)Data can be entered in any location on a document form.
• C)Data can be entered only in specific places.
• D)A form template enables the user to enter data but NOT edit the form.

---

Definitions:

Fiscal Year-end

The last day of a company's accounting period, which is used for financial reporting and tax purposes.

Corporate Tax Return

A corporate tax return, often filed using Form 1120, is required for corporations and details the income, gains, losses, deductions, and credits from the corporation's operations.

Foreign Subsidiaries

Companies that are partially or wholly owned by a parent company but are located in a different country.

Cash-basis

An accounting method that recognizes revenues and expenses only when cash is exchanged, as opposed to when they are incurred.