To Create a Scenario,one Should Click on the Series: Data

question 21

True/False

To create a scenario,one should click on the series: Data tab > Data tools > What-If Analysis > Scenario Manager > Add button > Enter details in the boxes in Edit Scenario dialog box> OK > Close button.

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Definitions:

FASB

The Financial Accounting Standards Board (FASB) is a private organization that establishes financial accounting and reporting standards for companies and nonprofit organizations in the United States.

SEC

Stands for the Securities and Exchange Commission, a U.S. federal agency responsible for regulating the securities industry and protecting investors.

Generally Accepted Accounting Principles

A set of accounting standards and procedures that are used in the preparation of financial statements in the U.S.

Owner's Equity

The residual interest in the assets of a business after deducting its liabilities, representing the owner's claim on the company's resources.