Excel Attempts to Guess Which Cells You Want to Include

question 37

True/False

Excel attempts to guess which cells you want to include in the function by looking for ranges that are adjacent to the selected cell and that contain numeric data.

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Definitions:

Wages Accrued

A liability representing wages earned by employees that have not yet been paid by the employer.

Rent Earned

Income received by a property owner when they lease out a property to a tenant.

Income Statement

A financial statement showing a company's revenue and expenses over a particular period, culminating in the net income or loss for that period.

Balance Sheet

A document that outlines the financial position of a company, including assets, liabilities, and equity of the shareholders, at a certain time.