Author Question: Where are Payroll Reports found in QuickBooks a. Under the Reports Menu and click on Employees and ... (Read 185 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
Where are Payroll Reports found in QuickBooks
 a. Under the Reports Menu and click on Employees and Payroll
   b. Under the Reports Menu and click on Accountant & Taxes
   c. Under the Reports Menu and click on Company & Financial
   d. None of the above

Question 2

Operational freedom and reporting freedom are held in check by the principle of materiality.
 
  Indicate whether the statement is true or false



Chou

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

a

Answer to Question 2

FALSE
Explanation: Operational freedom involves making operational choices at year-end to enhance the appearance of certain accounts, while reporting freedom involves the use of judgment in determining the amounts reported. Under GAAP, these freedoms are, at least theoretically, held in check by the principle of conservatism.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

For a complete list of videos, visit our video library