You Are a 7th Grade Science Teacher

question 27

Essay

You are a 7th grade science teacher. You are in the process of creating a simple worksheet to keep track of the test grades for your class. Below is the worksheet that you have created so far. Please write a formula for finding the difference between the two test scores for each student and add it in to the spreadsheet.

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Definitions:

Goodwill

An intangible asset that arises when a business is purchased for more than the fair value of its net identifiable assets.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.

Property, Plant, & Equipment

Long-term tangible assets that are used in the operation of a business and are expected to be used over more than one fiscal year.

Goodwill

An intangible asset that represents the excess of the purchase price over the fair market value of an acquired business's identifiable net assets.