The PERCENTRANK

question 39

True/False

The PERCENTRANK.INC function displays a value's rank as a percentile of a range, including 0% and 100%.

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Definitions:

Extraordinary Loss

A loss resulting from events that are both unusual and infrequent, often reported separately on financial statements.

Capitalized

The process of recording a cost or expense on the balance sheet for the purposes of delaying full recognition of the expense over time through depreciation or amortization.

Raze

To completely tear down or demolish a building or structure.

Lump Sum

A single payment made at a particular time, as opposed to several smaller payments or installments.