Audra Is a Manager in the Sales Department for Creative

question 66

Multiple Choice

Audra is a manager in the Sales Department for Creative Pastry Gadgets.She needs access to up-to-date financial data and sales reports.Some of this information comes from Excel workbooks,but other information is stored in other software programs.In addition,Creative Pastry Gadgets maintains a database with detailed financial information and sales figures.Audra uses Excel to analyze data from external data sources.​Audra decides to import data so it will be stored in an external data range.She learns that Excel automatically assigns the data range a defined name based on the filename of the _______.

• A) open source
• B) destination file 
• C) data source
• D) file source

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Definitions:

Fair Value Option

The choice given to entities to report certain financial assets and liabilities at their fair value to measure change in their value.

Financial Instrument

An agreement resulting in a financial asset for one party and a financial obligation or equity security for another.

Receivables Recognition Irregularities

Irregularities or anomalies in recognizing receivables that may involve premature or improper revenue recognition, affecting the financial statements' accuracy.

Changes in Receivables

This refers to the variations in the amounts owed to a company by its customers over a specific period.