Which of the Following Statements Are NOT True Regarding QBO

question 19

Multiple Choice

Which of the following statements are NOT true regarding QBO Chart of Accounts?

• A)QBO automatically creates a Chart of Accounts when a new company is set up.
• B)QBO Chart of Accounts is customized by a user to fit its company's needs.
• C)QBO Chart of Accounts is customized to fit a company's needs and is not overly useful regarding tax return preparation since it is completed by using an IRS form.
• D)QBO Chart of Accounts is aligned with a company's tax return since QBO is used to organize financial information for tax preparation.

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Definitions:

LDLs

Low-density lipoproteins, a class of lipoprotein responsible for transporting cholesterol to cells, often referred to as "bad" cholesterol due to its association with arterial plaque buildup.

Large Intestine

The portion of the digestive tract of humans (and other vertebrates) consisting of the cecum, colon, rectum, and anus.

Digestive Enzymes

Proteins produced by the digestive system to break down foods into nutrients that can be absorbed by the body.

Lacteal

One of the many lymphatic vessels in the intestinal villi that absorb fat.