Please answer all the questions.

Question $10$

A client's Inventory Valuation Detail shows the following transactions,

all on November $15$:

$3$ rows indicating the same Inventory Quantity Adjustment that resulted in a decrease of negative

$100$ Widgets in inventory

One Expense for $100$ Widgets

What does this tell you?

$100$ Widgets were given away as promotional items

There are three lines on the inventory adjustment because the Widgets were

purchased on three different dates

An inventory revaluation workflow was used to reflect a decrease in the value of

$100$ Widgets from $3$ different FIFO layers

$100$ Widgets were thrown out or donatedQuestion $7$

How are Purchase Orders used in QuickBooks Online?

Purchase orders can only be used for inventory items

Only one purchase order can be added to a bill or expense

Individual lines or a purchase order can be closed even if not shipped

Purchase orders are turned on by default