A Workbook Template Has Which of the Following File Extensions

question 9

Multiple Choice

A workbook template has which of the following file extensions?

• A) .xltx
• B) .xls
• C) .xlsx
• D) .xlst

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Definitions:

Indirect Method

A technique used in cash flow statement preparation that starts with net income and adjusts for changes in balance sheet accounts to arrive at cash flow from operating activities.

Cash Flows

The total amount of money being transferred in and out of a business, especially as affecting liquidity.

Cash Dividend

A payment made by a company to its shareholders, usually as a distribution of profits.

Operating Activities

Transactions and events that directly affect the financial position of a company, primarily related to its core business operations.