Dena Owns Interests in Five Businesses and Has Full-Time Employees

question 48

Multiple Choice

Dena owns interests in five businesses and has full-time employees in each business. She participates for 100 hours in Activity A, 120 hours in Activity B, 130 hours in Activity C, 140 hours in Activity D, and 125 hours in Activity E.

• A) All five of Dena's activities are significant participation activities.
• B) Dena is a material participant with respect to all five activities.
• C) Dena is not a material participant in any of the activities.
• D) Dena is a material participant with respect to Activities B, C, D, and E.
• E) None of the above.

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The act of calculating the outcome of a mathematical or logical formula.

AutoSum Button

A functionality within spreadsheet software that automatically computes the total for a specified group of cells.

Formula

A predefined mathematical equation used in spreadsheets or other applications to perform calculations or data manipulation.

Function

In programming, a named section of a code that performs a specific task and can return a value. It can also refer to the mathematical notion where a relation associates inputs to outputs.