In a VLOOKUP Function, the Argument ____ Refers to the Type

question 43

Multiple Choice

In a VLOOKUP function, the argument ____ refers to the type of lookup you want to perform-TRUE or FALSE.

• A) lookup_value
• B) table_array
• C) col_index_num
• D) range_lookup

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Definitions:

Net Income

The total amount of profit earned by a company after all expenses and taxes have been deducted from total revenue.

Depreciation Expense

An accounting method used to allocate the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Accrued Expense

An accounting term for expenses that have been incurred but not yet paid, representing a company's obligation to make future payments.

Contra Account

An account in the general ledger that is used to reduce the value of a related account when the two are netted together.