If Cell A1 Contained 10, Cell A2 Contained 2 and Cell

question 371

Multiple Choice

If cell A1 contained 10, cell A2 contained 2 and cell A3 contained =A1/A2, what would cell A3 show on the worksheet?

• A) =A1/A2
• B) =10/2
• C) 5
• D) =5

---

Definitions:

Total Liabilities

The combined amount of obligations and debts a company owes to outside parties that must be repaid.

Total Assets

The sum of all resources owned by a company, valued at cost or market value on the balance sheet, representing the company's total owned resources.

IASB

International Accounting Standards Board, an independent organization that develops and approves International Financial Reporting Standards (IFRS).

Financial Accounting Standards

Rules and standards set by authoritative bodies that dictate how companies prepare and present their financial statements.