Given the Following Information

question 57

Multiple Choice

Given the following information:

What is the result of =IF( B4>65,"Passing","Failing") ?

• A)TRUE
• B)FALSE
• C)Passing
• D)Failing

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Definitions:

Bank Statement

A document provided by a bank detailing all transactions in an account over a specific period, including deposits, withdrawals, and balances.

Insufficient Funds

Insufficient funds occur when an account does not have enough money to cover drafts against it, leading to a bounce check or declined transaction.

Adjusted Cash Balance

A financial statement figure that reflects the actual amount of cash available, adjusted for items like outstanding checks or deposits in transit.

Check Register

A record, usually part of a checkbook, that allows individuals or businesses to track their deposits and withdrawals.