What File Extension Do Templates Use

question 43

Multiple Choice

What file extension do templates use?

• A).xlsx
• B).xlsm
• C).xltx
• D).xlsb

Recognize the influence of inventory valuation methods on financial statements.

Calculate inventory turnover and understand its implications.

Determine days’ sales in inventory and evaluate company performance.

Understand the lower of cost and net realizable value (LCNRV) rule and its application.

---

Definitions:

Void

Refers to a legal declaration that an agreement or transaction is null and has no legal effect.

Mentally Impaired

Describes a condition where an individual's cognitive, emotional, or social abilities are significantly reduced compared to normative levels, potentially impacting their decision-making capacity.

Ratified

An action making an agreement officially valid after all parties involved have given their formal approval.

Voidable

A term used to describe a legal agreement or transaction that can be validated or invalidated at the discretion of one of the parties involved.