Tomoko Has Created a Table for the Sale of Sweatshirts

question 23

True/False

Tomoko has created a table for the sale of sweatshirts in her shop last month with the headings,Customer's Name,Sweatshirt Size,Order ID and Payment Date.She wants to sort the number of sweatshirts of each size -Small,Medium,Large and Extra Large,bought by different customers.To do so,she can first sort her worksheet by sweatshirt size from smallest to largest,then click Subtotal command under the Data tab.Tomoko can then click the drop-down arrow for the At each change in field and select 'Sweatshirt Size',then select COUNT to count the number of sweatshirts ordered in each size.Then she can select 'Sweatshirt Size' in the Add subtotal to field and finally click OK.

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting guidelines that dictate how financial statements should be reported around the world.

Realized and Unrealized Gains

Profits made from the sale of assets (realized gains) versus increases in the value of assets still held (unrealized gains).

Entity Approach

A method in accounting that treats a business as separate from its owners or stakeholders for reporting and evaluation purposes.

Consolidated Balance

A financial statement that presents the total assets, liabilities, and equity of a parent company and its subsidiaries as if they are a single entity.