When Exporting the Audit Trail Report to Excel,which of the Following

question 16

Multiple Choice

When exporting the Audit Trail report to Excel,which of the following can be used to perform further analysis?

• A)Excel Autofilter
• B)Word tables
• C)QuickBooks fast format
• D)All the choices are correct

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Definitions:

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing the excess returns over the firm's opportunity costs.

Total Profit

The financial gain obtained when total revenue exceeds total expenses from business operations.

Graph

A diagram representing data visually, using lines, bars, or other symbols.

Implicit Cost

Refers to the opportunity costs that are not directly paid for in money but represent the loss of value from using resources for a particular venture instead of their best alternative use.