After Creating a New QuickBooks Data File for an Existing

question 27

Multiple Choice

After creating a new QuickBooks data file for an existing company and entering all the existing balances, use an opening adjustment to move the balance in the _________ account to the Capital Stock account.

• A)Uncategorized Expenses
• B)Uncategorized Income
• C)Opening Balance Equity
• D)None of the above

---

Definitions:

Government Subsidies

Financial support provided by the government to businesses, individuals, or other entities, typically to encourage certain activities or reduce costs.

Agriculture

The science, art, and practice of cultivating the soil, growing crops, and raising livestock; including the preparation and marketing of the resulting products.

Rationale

The underlying reasoning or explanation for a particular belief, action, or event.

Short-Run Instability

A situation in economics where variables such as output, employment, and prices are subject to frequent fluctuations over a short period.