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Which is not a correct statement? a. when entering a quantity on hand for an inventory part item, the total value is computed automatically based on the cost times quantity. b. as transactions are recorded in the activities windows, quickbooks uses information in the item list to record the transaction to the correct accounts. c. the date does not matter as a journal entry can be recorded without a date. d. when you record the quantity on hand for inventory parts, quickbooks creates the inventory asset for that inventory part.

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