The PERCENTRANK.INC Function Excludes 0 and 1

question 94

True/False

The PERCENTRANK.INC function excludes 0 and 1.

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Definitions:

Salary Expense

The cost incurred by an employer for the payment of salaries to employees, considered an operating expense.

Salaries Payable

Liabilities representing the amounts owed to employees for work performed and not yet paid.

Salaries Accrued

This denotes the salaries that employees have accrued but the company has not yet disbursed.

Salaries Payable

An account representing the amounts owed to employees for work performed but not yet paid.