The ________ Function Will Only Trigger the Value_if_true If All

question 11

Short Answer

The ________ function will only trigger the value_if_true if all conditions given are false.

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Definitions:

Gain

An increase in the value of an asset or a decrease in the value of a liability which contributes to an increase in the owner's equity.

Loss

The financial state where expenses exceed revenues within a specific period.

Guaranteed Allowance

An allowance for doubtful accounts that a company anticipates as an expense, guaranteeing a certain value.

Guaranteed Payment

Payments made by a partnership or LLC to a partner or member for services or use of capital, regardless of the entity's income.