Which Is True About the Following External Cell Reference? 'G:\Branches[Minneapolis

question 72

Multiple Choice

Which is true about the following external cell reference? 'G:\Branches[Minneapolis.xlsx]Qtr 1'!A1

• A)It is in the same folder as the destination file.
• B)It is in the same workbook as the destination file
• C)It is in a different folder than the destination file.
• D)It will not work because of the spaces in the worksheet name.

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Definitions:

Significant Influence

The power to participate in the financial and operating policy decisions of an investee, but not control them, often associated with ownership of 20% to 50% of voting stock.

Cost Method

An accounting method where investments are recorded at their acquisition cost.

Journal Entries

The method by which transactions are recorded in the company's accounting records with a debit and credit entry.

Significant Influence

The ability to be involved in the financial and managerial policy decisions of an investment without having controlling authority over those policies.