You Can Use Excel to Organize Records, Financial Transactions, and Business

question 72

True/False

You can use Excel to organize records, financial transactions, and business information in the form of worksheets.

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Definitions:

Discount on Bonds Payable

The difference by which the bond's face value exceeds its selling price, reducing the cost to the issuer.

Straight-Line Method

A method of calculating depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its interest payments on outstanding debt.

Creditors

Entities or individuals to whom money is owed by a business or individual for goods or services provided or as a result of a loan.