What Is the Maximum Number of IF Statements in a Formula

question 70

Multiple Choice

What is the maximum number of IF statements in a formula?

• A)32
• B)54
• C)64
• D)100

---

Definitions:

Financial Statements

Financial statements are formal records of the financial activities and condition of a business, including balance sheet, income statement, and cash flow statement.

Income Statements

Income statements are financial documents that provide a summary of a company's revenue, expenses, and profits over a specific period, typically quarterly or annually.

After-Tax Return

The profit realized on an investment after accounting for any taxes paid.

Federal and Provincial Tax Rates

The individual income tax rates imposed by the federal government and provincial governments in Canada, varying based on income level and location.