What Does It Mean When the Formula Result of the MATCH

question 80

Multiple Choice

What does it mean when the formula result of the MATCH function in Excel equals 2?

• A) Two items matched the Lookup_value.
• B) The item labeled "2" matched the Lookup_value.
• C) The Lookup_value was found in the second position of the Lookup_array.
• D) An error occurred.
• E) The closest item to the Lookup_value was within two units of that value.

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Definitions:

Retained Earnings

The portion of net income that is not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.

Cumulative Effect

The total impact of a single event, policy change, or accounting principle applied retrospectively to previous periods’ financial statements.

Business Environment

The combination of internal and external factors that influence a company's operating situation, including economic, legal, and market conditions.

Unusual In Nature

An occurrence or characteristic that is not common or ordinary, often requiring special consideration or treatment.