When You Need to Analyze the Data Presented in PivotTables

question 35

True/False

When you need to analyze the data presented in PivotTables and PivotCharts, use a trendline to select the data to display and summarize.

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Definitions:

Asset-Expense Relationship

The correlation between a company's assets and expenses, indicating how asset utilization incurs costs.

Prepaid Expense Adjusting Entries

Journal entries made at the end of an accounting period to account for expenses paid in advance but which relate to future accounting periods.

Supplies Expense

An account that represents the cost of supplies used during an accounting period, which are not held for resale.

Adjusting Journal Entry

An adjusting journal entry is made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.