Case 14-1 Jenny, a Programmer, Uses Microsoft Excel 2016 to Generate

question 46

Multiple Choice

Case 14-1 Jenny, a programmer, uses Microsoft Excel 2016 to generate data required for the programs she develops. She uses various functions in Excel to perform the required calculations.
Jenny enters =INT(3.1428) in one of the cells, which returns the integer value. The function used by Jenny is a _____ function.

• A)Math & Trig
• B)Statistical
• C)Date & Time
• D)Logical

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Definitions:

Overvalued

A term describing a situation in which a security or an asset is trading at a price exceeding its intrinsic value.

Noncontrolling Interest

Noncontrolling interest, also known as minority interest, represents the portion of a subsidiary company’s equity that is not owned by the parent company.

Acquisition Method

An accounting technique used in consolidating the financial statements of a group of companies when one acquires control over the other.

Consolidated Net Assets

The total assets minus total liabilities of a company and its subsidiaries, reported as a single figure in consolidated financial statements.