Which of the Following Are Guidelines for Creating a Table

question 60

Multiple Choice

Which of the following are guidelines for creating a table in Excel?

• A) Place salumn headings (field names) in the first row of the table
• B) Maintain at least one blank row between a table and other worksheet entries

---

Definitions:

Commercial Substance

An occurrence in a transaction that causes a significant change in cash flow, indicating that the transaction has economic consequences.

Net Income

The company's earnings post all deductions, including expenses and taxes, from its overall revenues.

Deferred Tax Liability

This is a tax obligation that a company owes but can pay at a future date due to timing differences between its financial accounting and tax filing.

Deferred Tax Asset

An accounting asset representing the amount of taxes payable in future periods due to deductible temporary differences and carryforwards.