If Purchase Quantities of 25 Units or Higher Are Found

question 5

Multiple Choice

If purchase quantities of 25 units or higher are found to be large orders, and orders less than 25 are considered to be small, what IF function should be entered in H4 to be copied to H5:H10 to calculate each order's size?

• A) =IF(D4=AND=OR=25,"Large","Small")
• B) =IF(D4<>25,"Small")=AND(D4=25,"Large")
• C) =IF(D4=25,"Large")=OR("Small")
• D) =IF(D4>=25,"Large","Small")

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Definitions:

Retained Earnings Statement

A financial statement that shows the amounts and causes of changes in retained earnings for a specific period.

Income Statement

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

External Reporting

The process of preparing and disclosing financial statements and other information to parties outside the organization.

Statement of Cash Flows

A statement of financial position that displays the influences of adjustments in balance sheet accounts and income on cash and cash equivalents, segmenting the analysis into operating, investing, and financing activities.