Critical Thinking Questions Case 5-1 Louie Is Designing a Complex

question 43

Multiple Choice

Critical Thinking Questions Case 5-1 Louie is designing a complex worksheet and needs to format cells containing numbers and calculated values in a special way. Simply applying bold or italic formatting will not meet his needs. He gives you a call to ask for formatting tips. Louie calls back with another formatting question. Another coworker suggested that he use styles to format cells in his worksheet, but he is unfamiliar with styles. You tell Louie that _____.

• A) a style is a group of format specifications that are assigned a name; he can view styles in the Cell Styles gallery and then click a style to apply it to the selected cell or range
• B) styles are effective when used to format a word-processing document but cannot be used to format a worksheet
• C) a style is just another name for a set of formatting codes; a style must be customized to be useful
• D) using a style will allow him to apply multiple formats at one time to an active cell if it contains text; unfortunately, styles cannot be used to format numbers or calculated values

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Definitions:

Asset

Resources owned or controlled by a business or individual that are expected to bring future benefits.

Cash Received

Represents the total amount of money received by a company during a specific period, including all sources of cash income.

Capital Expenditures

Capital expenditures are funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Additions

Refers to increases or expenses added to a specific account, often relating to assets like buildings or equipment.