Excel 2010 Workbooks Are Saved with a Default File Extension

question 97

Multiple Choice

Excel 2010 workbooks are saved with a default file extension of ________.

• A).wbk
• B).accdb
• C).xlsx
• D).exc

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Definitions:

Sole Proprietorship

A business structure in which one individual owns all of the company's assets, is responsible for its debts, and reports its business income on their personal tax return.

Non-Profit

An organization dedicated to furthering a particular social cause or advocating for a shared point of interest and does not distribute its surplus funds to owners or shareholders.

Personal Use

The use of a property or item by the owner or their family for non-business and non-rental purposes, affecting the tax implications of expenses related to the property or item.

Schedule E

Schedule E is a form used by taxpayers to report income and losses from rental property, royalties, partnerships, S corporations, estates, and trusts on their tax returns.