A MATCH Function Returns the Value of a Given Position

question 35

True/False

A MATCH function returns the value of a given position.

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Definitions:

Economic Entity Assumption

An accounting principle that treats a company as a separate entity from its owners or other businesses, keeping its financial transactions distinct.

Revenue Recognition Principle

An accounting principle that dictates the specific conditions under which revenue is recognized or recorded.

Performance Obligation

A duty or task that a company must perform to satisfy a contractual commitment within a customer contract.

Accounting Period

An Accounting Period is a specific time frame for which financial statements are prepared, helping to compare and analyze financial performance and position, commonly a year, quarter, or month.