An Excel Function That Looks Up Values in a Table

question 60

Multiple Choice

An Excel function that looks up values in a table array arranged as vertical columns is the ________ function.

• A)COLUMN
• B)VLOOKUP
• C)HLOOKUP
• D)MATCH

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Definitions:

Premium on Bonds Payable

The amount by which a bond's selling price exceeds its face value.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, which can include payments on debts, loans, or credit lines.

Interest Payable

The amount of interest on borrowed funds that a company owes to its creditors but has not yet paid.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.