A Relative Reference Does Not Change When It Is Filled

question 37

True/False

A relative reference does not change when it is filled or copied into other cells.

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Definitions:

Interest-Bearing Note

A debt instrument that obligates the issuer to pay interest to the holder, in addition to repaying principal at maturity.

Adjusting Entries

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Accrued Interest

The interest that has been earned but not yet received or paid in cash, applicable in both investment and borrowing contexts.

Balance Sheet

A report detailing a company's assets, liabilities, and equity of shareholders at a certain moment.