When Testing a Spreadsheet Model by Entering Values in the Changing

question 25

Multiple Choice

When testing a spreadsheet model by entering values in the changing cells,which of the following are appropriate values to enter?

• A)Zeroes
• B)Values for which you know what the values of the output cells should be
• C)Large numbers
• D)All of the above
• E)b and c only

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Definitions:

Property, Plant, and Equipment

Tangible assets that are held for use in the production or supply of goods or services, rental to others, or administrative purposes and are expected to be used during more than one period.

Classified Balance Sheet

A balance sheet that organizes a company’s assets, liabilities, and equity into subcategories for clearer understanding.

Adjusted Trial Balance

A listing of all company accounts and their balances after adjustments, serving as the basis for financial statement preparation.

Return on Assets Ratio

A measure of how effectively a company uses its assets to generate profit, calculated as net income divided by total assets.