Elianna Has Put Together the Projected Income Worksheet Above

question 121

Multiple Choice

Elianna has put together the Projected Income worksheet above. She is finalizing the worksheet for a presentation to her company's board of directors. When needed, please refer to the figure above as you answer the questions below.
-Elianna has included a Print Formulas button on the worksheet. This button links to ____.

• A) a macro
• B) another worksheet
• C) a formula in a cell
• D) another file

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Definitions:

Accounting Cycle

Describes the systematic process of recording and processing all financial transactions of a company, from when the transaction occurs to its representation in the financial statements.

Adjusting Entries

Documentation of transactions at the conclusion of a financial cycle to accurately apportion profits and costs to the period they were realized.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made, used to prepare financial statements.

Ledger Accounts

A record within the general ledger that is used to collect and store balance and transaction information for individual items such as assets, liabilities, equity, revenues, and expenses.