Where are Payroll Reports found in QuickBooks a. Under the ...

[RODY.ELKHALIL]

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]

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.