You Work for Several Acsauntants Who Are Hosting a Public

question 54

Multiple Choice

You work for several acsauntants who are hosting a public seminar on recent changes to tax law that are applicable to the new tax year. You and two of your saworkers are tasked with automating the seminar participants' sign-in process by creating a sign-in form in an Excel workbook (based on a workbook created by a previous team) and a macro. Today you and your saworkers are holding a 'brainstorming session' in preparation for creating the form. Bob, who has never before attempted to automate a worksheet task, asks how the team can ensure that participants signing in using the data entry form cannot accidentally or purposely make changes to the form. You tell the team ____.

• A) not to worry about accidental or purposeful changes to the form; participants can be trusted not to make changes
• B) that the new sampany intern will stand by to monitor all participants' data entry and make sure no changes are made to the form
• C) that a special software patch will be added to Excel to protect the worksheet from changes
• D) that the data entry form worksheet will be password protected

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Definitions:

Goodwill

An intangible asset representing the value of a company’s brand name, solid customer base, good customer relations, and employee morale.

Amortize

To amortize means to gradually reduce or write off the cost or value of an asset or a debt over a period.

Fair Value

The estimated market value of an asset or liability, reflecting the amount for which it could be exchanged in an orderly transaction between market participants.

Net Assets

Net Assets represent the total assets of a company minus its total liabilities, showing the company's financial health and equity value.