Case EX 2-2 Josh Wants to Apply a Cell Style

question 11

Multiple Choice

Case EX 2-2 Josh wants to apply a cell style to certain cells in his worksheet. Josh previews some of the styles and clicks one to apply it to the cell. He now wants to remove it. To remove a style from the selected cell, he should simply click ____ in the Good, Bad and Neutral section of the Cell Styles gallery.

• A) Neutral
• B) Good
• C) Bad
• D) Normal

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Definitions:

Long-term Liabilities

Obligations or debts due beyond one year or the normal operating cycle, including bonds payable, long-term leases, and pension liabilities.

Vertical Analysis

A method in financial statement analysis where each entry for each of the three major categories of accounts (or financial statements) is represented as a proportion of the total account.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, showing revenues, expenses, and profits or losses.

Horizontal Analysis

A financial analysis technique that compares line items in financial statements over a period of time to identify trends and growth patterns.