A Method of Incorporating Data from Multiple,related Tables into an Excel

question 15

Multiple Choice

A method of incorporating data from multiple,related tables into an Excel worksheet is called a ________.

• A)Business Intelligence tool
• B)report tool
• C)Data Model
• D)table tool

Understand and apply the concept of working capital, quick ratio, and current ratio.

Knowledge of recording and calculating interest on notes payable and receivable.

Distinguish between different types of liabilities and their disclosures in financial statements.

Comprehend and execute the journalization of various types of notes.

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Definitions:

Owner Drawings

Refers to the money or assets taken out of a business by the owner(s) for personal use.

Net Income

The profit or loss of a business after all expenses, taxes, and costs have been subtracted from total revenue.

Expenses

Costs incurred by a business in the process of earning revenues.

Internal Users

Individuals within an organization who use financial information to make decisions, including management and employees.