QUESTION 11What is the purpose of the Fixed Assets calendar? A. Creates periods for the mid-quarter averaging convention.B. Creates past and future years that are used to determine the life of an asset.C. Creates all periods that are required for depreciation calculations.D. Creates periods to determine when the depreciation process should be performed.
MB3-701 sample questions
QUESTION 1Which condition must be met in order to void a receivables cash receipt? A. The cash receipt must be in the open file.B. The cash receipt must be fully applied to one or more invoices.C. The cash receipt must not be posted.D. The cash receipt must be on hold.