In an Excel Sheet, What Is the Meaning of the Formula

question 38

Multiple Choice

In an Excel sheet, what is the meaning of the formula =SUM(C3:C8) ?

• A) Add all the values starting from the third cell to eighth cell in the third column.
• B) Add all the values starting from the third cell to eighth cell in the third row.
• C) Add the value of the third cell in the third column to the eighth cell in the third column.
• D) Add the value of the third cell in the third row to the eighth cell in the third row.

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Definitions:

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders but reinvested in the business or kept as a reserve.

Par Value

The face value of a bond or stock as stated by the issuer, which may differ from its market value.

Cash Dividend

A payment made by a company out of its earnings to its shareholders, usually in the form of cash.

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout.