Which of the Following Identifies a QuickBooks Portable Company File

question 22

Multiple Choice

Which of the following identifies a QuickBooks portable company file?

• A).QBB
• B).QBM
• C).QBW
• D).QBX

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Definitions:

Reportable Segment

An operating segment of a business that requires separate disclosure in the company's financial reporting due to its significant size, profitability, or importance.

Operating Segments

Components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker in deciding how to allocate resources.

Profit or Loss Test

The profit or loss test is a method used to determine if a business activity or transaction is able to generate a profit or results in a loss.

Operating Segments

Business units of a corporation that generate revenues and incur expenses, and for which separate financial information is available and evaluated regularly by the chief decision maker.