What Are the Two Main Reasons Why One Should Break

question 32

Multiple Choice

What are the two main reasons why one should break up larger calculations into smaller ones in spreadsheet modeling?

• A) to speed solution time and to determine intermediate values
• B) to speed solution time and to avoid errors
• C) so the formula can fit on the formula line and to speed solution time
• D) to avoid errors and to determine intermediate values
• E) so the formula can fit on the formula line and to avoid errors

---

Definitions:

Leases

Contracts in which one party agrees to rent property, services, or goods from another party for a specified time period in exchange for payment.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

IFRS

Stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally accepted for preparing financial statements.

IASB Standards

International Accounting Standards Board Standards, which are a set of accounting rules followed by companies across the globe to ensure transparency and comparability of financial statements.