In QBO,the Three Different Financial Statements Are Prepared Very Similarly

question 7

Multiple Choice

In QBO,the three different financial statements are prepared very similarly using the following process:

• A)From the Navigation Bar select Reports and then the All Reports tab.Select Business Overview,then select Profit and Loss,Balance Sheet,or Statement of Cash Flows.To customize enter Customize features using the Customization Bar and Save Customizations.The statement can also be exported to Excel or PDF.
• B)From the Navigation Bar select Accounting and then the Reports tab.Select Business Overview,then select Profit and Loss,Balance Sheet,or Statement of Cash Flows.To customize export the file to enter Customize features using the Customization Bar and Save Customizations.The statement can also be exported to Excel or PDF.
• C)From the Navigation Bar select Reports and then the All Reports tab.Select Business Overview,then select Profit and Loss,Balance Sheet,or Statement of Cash Flows.To customize export the statement to Excel or PDF.
• D)From the Navigation Bar select Accounting and then the Reports tab.Select Business Overview,then select Profit and Loss,Balance Sheet,or Statement of Cash Flows.To customize export the statement to Excel or PDF.

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Definitions:

Pollution Emissions

The release of pollutants into the environment, often from industrial processes, vehicles, or other human activity.

MSB

Stands for Marginal Social Benefit, representing the additional benefit to society from consuming one more unit of a good or service.

MSC

Marginal Social Cost, which refers to the total cost to society of producing an additional unit of a good or service.

Sulfur Emissions

Gaseous releases of sulfur compounds into the atmosphere, primarily from burning fossil fuels, which can cause environmental damage and health issues.