Excel's _____ tool allows the user to determine the value of an input cell that will cause the value of a related output cell to equal some specified value
a. Goal Seek
b. Watch Window
c. Data Validation
d. XLMiner
A
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Which of the following is NOT an example of a fraud-fighting career?
a. Working for the criminal investigation division of the IRS. b. Serving as an expert witness. c. Maintaining the security of public records. d. Defending an organization being sued in a civil case.
One criticism of strategic planning is that it does not always produce ______.
A. goals B. strategy C. increased revenue D. improved programs
The future value of an uneven cash flow stream is also referred to as its _____.
A. discounted value B. amortized value C. consolidated value D. terminal value E. periodic value
Lance transferred land having a $180,000 FMV and a $105,000 adjusted basis, which is subject to a $150,000 mortgage in exchange for a one-third interest in the Trois Partnership. Lance acquired the land in 2010. The partnership owes no other liabilities. Lance, Rhonda, and Zach share profits and losses equally and each has a one-third interest in partnership capital. The tax effect to Lance is
A. recognized gain of $45,000 on the transfer. B. recognized loss of $45,000 on the transfer. C. recognized gain of $75,000 on the transfer. D. no gain or loss recognized.