To Re-Sort the Chart of Accounts, First Display the Chart

question 17

Multiple Choice

To Re-sort the Chart of Accounts, first display the Chart of Accounts window, then:

• A)Click on the Company heading bar
• B)Click Account > Re-sort List
• C)Click File > Sort
• D)Right click Sort by Name

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, affecting the company's liquidity.

Indirect Method

A way of calculating cash flows from operating activities by starting with net income and adjusting it for changes in non-cash accounts.

Patent Amortization

The process of expensing the cost of a patent over its useful life, reflecting the consumption of the patent's value over time.

Depreciable Asset

A tangible asset that is subject to depreciation, reflecting its loss in value over time due to wear and tear, or obsolescence.