Excel Gives You the Ability to Chart or Graph Data

question 24

Essay

Excel gives you the ability to chart or graph data in your worksheet. Describe the main chart types (line, pie, and bar) and their purpose. Also describe how to insert a chart in your worksheet.

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Definitions:

Revenue Recognition

the accounting principle dictating the conditions under which revenue is considered earned and can be recorded in the financial statements.

Contract Price

The agreed-upon price for goods or services that is specified in a contractual agreement.

Critical Event

A significant occurrence that has a substantial impact on the operations or financial health of a business or market.

Measurability Conditions

Criteria required to recognize a financial transaction, including the ability to reliably measure the transaction's impact on the financial statements.