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What Provides a Grid of Columns and Rows in Which

question 63

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What provides a grid of columns and rows in which you can summarize data in an understandable way?


Definitions:

Bad Debts Expense

An expense reported on the income statement reflecting the cost of accounts receivable that a company does not expect to collect.

Factoring Fee Expense

A cost incurred by a business when it sells its accounts receivable to a third party (the factor) at a discount.

Accounts Receivable

Funds that clients or customers owe to a company for products or services that have been provided but not yet compensated for.

Necessary Cash

The minimum amount of cash required by a company to carry out its day-to-day operations.

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