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

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Definitions:

Preferred Share Issue

The process of offering preferred shares to investors, which are stock shares that have priority over common shares in dividend payments and asset liquidation, but usually do not have voting rights.

Consolidated Balance Sheet

A financial statement that shows the aggregate financial position of a parent company and its subsidiaries as if they were a single entity.

Common Shares

A type of security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Consolidated Statement

Financial statements that aggregate the assets, liabilities, and operations of a parent company and its subsidiaries.