Arrows Pointing from the Selected Cell to Cells That Depend

question 21

Multiple Choice

Arrows pointing from the selected cell to cells that depend on the selected cell are generated by using the __________ button of the Formula Auditing group.

• A)Error Checking
• B)Trace Precedents
• C)Trace Dependents
• D)Watch Window

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Definitions:

Accounting Principles

The standardized guidelines and rules followed by accountants to record, report, and summarize financial transactions, ensuring consistency and transparency.

Income Statement

A financial report that calculates a company's performance over a specific period, summarizing revenue, expenses, and profits.

Expense Recognition Principle

An accounting principle that dictates that expenses should be recognized in the period in which they contribute to the generation of revenue.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period, indicating its financial performance.