You Can Nest IF Functions as Deep as You Want,but

question 71

True/False

You can nest IF functions as deep as you want,but after you get beyond a nest of three IF functions,the logic becomes difficult to follow.

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Definitions:

Long-Term Liabilities

Company debts that are payable beyond a year from now.

Capital Leases Payable

The liability account that records the present value of future lease payments for assets obtained through capital leases.

Unearned Revenues

Money received by a company for goods or services yet to be delivered or performed.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health of the business.