In the Figure Above, the Attribute Marked as Item 2

question 88

Multiple Choice

In the figure above, the attribute marked as item 2 _____.

• A)adds borders around the table and each cell
• B)determines the gap between borders of adjacent cells
• C)indicates the number of rows the current cell should span
• D)sets a cushion of blank space around the contents of every cell

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Definitions:

Fair Value

The price at which an asset could be bought or sold or a liability settled, between knowledgeable, willing parties in an arm's length transaction.

Variable Interest Entity

A legal entity in which an investor holds a controlling interest that is not based on the majority of voting rights.

Consolidation

The process of combining financial information from several departments or subsidiaries within a company into a single financial statement.

Controlling Financial Interest

A situation where an entity has the power to govern the financial and operating policies of another entity so as to benefit from its activities.