The QBO Create (+)Icon Lists Various Transactions That Can Be

question 12

Multiple Choice

The QBO Create (+) icon lists various transactions that can be created.It is commonly used for all of the following types of transactions except:

• A)Customer
• B)IRS Income Tax
• C)Vendors
• D)Employees

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Definitions:

Common Stock

A form of corporate equity ownership, a type of security representing an ownership stake in a corporation.

Common Stock

Equity securities that represent ownership in a company, providing voting rights and a share in the company’s profits through dividends.

Preferred Stock

A type of stock that typically guarantees dividends and has priority over common stock in asset liquidation.

Dividends

Payments made by a corporation to its shareholder members. It is the share of profits and retained earnings that the company distributes to its shareholders.