A Relative Reference Does Not Change When It Is Filled

question 37

True/False

A relative reference does not change when it is filled or copied into other cells.

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Definitions:

Subsidiary

A company that is completely or partially owned and controlled by another company, known as the parent company.

Financial Statements

Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and statement of cash flows.

General Purpose Financial Statements

Financial reports prepared by a company to meet the information needs of external stakeholders who are not in a position to demand reports tailored to their own needs.

Parent Entity

A company that controls, directly or indirectly, one or more subsidiaries.