All of the Following Are True Regarding QBO Except

question 1

Multiple Choice

All of the following are true regarding QBO except:

• A)A company's Chart of Accounts can be customized in QBO to track information needed to complete the tax return.
• B)A QBO goal is to see that the Chart of Accounts feeds into the tax return lines.
• C)QBO focuses most on providing detailed reports for its users and is not overly concerned about tax return preparation.
• D)It is important to know which tax form a company uses to best tailor the Chart of Accounts to feed into the tax return.

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Definitions:

Program Cost

The total expenses associated with executing and maintaining a specific program.

Learning And Development

The process of enhancing the skills, competencies, and knowledge of an individual or a group, aimed at improving personal and organizational effectiveness.

Business Impact Data

Information and metrics that demonstrate the effect of learning and development activities on business outcomes, often used to justify investments in training.

CEOs

Chief Executive Officers, who are the highest-ranking individuals in a company or organization, responsible for making major corporate decisions.