Match Each Table-Related Term with Its Description

question 46

Multiple Choice

Match each table-related term with its description.
-Header row

• A)Small arrow that appears to the right of the label at the top of a table column
• B)Up arrow or down arrow indicating sort direction of a column
• C)Excel table column that uses a single formula and adjusts its cell references for the rest of the rows in the table
• D)Labels above each table column

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Definitions:

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, giving a snapshot of its financial condition.

Fixed Asset

A long-term tangible piece of property or equipment that a company uses in generating income and is not expected to be consumed or converted into cash within a year.

Current Asset

A current asset is any asset likely to be converted into cash within a year during the normal course of a business.

Units-Of-Output Method

A depreciation method where the expense is based on the number of units produced or the machine's hours used, reflecting actual usage.