Salena Has Created a Chart to Show the Sale of Products

question 35

True/False

Salena has created a chart to show the sale of products of her firm in different cities during different years.The chart has only one series with all the columns of the same color.The Year and Location fields are both in the Rows area.Now,she wants to create columns with different colors,for which she will have to move one of the fields into the Column area in the PivotTable Field List.To do so,Salena can follow the following series of clicks/ entries/ selections to do so: Pivot Chart > Pivot Chart Field window > Drag the Year field from the Axis box (Categories)to the Legend (Series)box.This will create a series for each city,and show the city's columns in a different color.

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Definitions:

Retained Earnings

The portion of net income that is retained by the corporation rather than distributed to its shareholders as dividends.

Earnings Restatements

The act of amending previously reported financial statements to correct errors.

Dividends

Payments made by a corporation to its shareholders, usually in the form of cash or additional shares, from its profits.

Depreciation

This is the systematic allocation of the cost of a tangible asset over its useful life. It reflects the consumption of the asset over time.