In the Reference $C14, ____

question 63

Multiple Choice

In the reference $C14, ____.

• A) both the column letter and the row number would be updated relative to their location
• B) the column letter would not change, but the row number would be updated relative to its location
• C) the column letter would be updated relative to its location, but the row number would not change
• D) neither the column letter nor the row number would change

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Definitions:

Trade Discount

A reduction from the list price granted by a seller to a buyer, often based on the volume of goods purchased or to promote sales.

Cash Payment

A transaction in which payment for goods or services is made in cash at the time of purchase.

FOB Shipping Point

A term indicating that the buyer takes responsibility for goods once they are shipped, including paying for shipping costs and bearing the risk of loss.

Prepaid Freight

Costs paid in advance for the transportation of goods, which is often recorded as a prepaid expense on the balance sheet.