Name two formatting options available in Excel that are important to include when dealing with financial statements
Format money as currency, format negative values in red with parenthesis, format money to either 2 decimal places or whole dollars, or format decimals as percents in ratios and vertical/horizontal analysis.
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This year, the bondholders of Brick, Inc exchanged convertible bonds for common stock. Brick's carrying amount of these bonds was less than the market value but greater than the par value of the common stock issued upon conversion. If Brick used the book value method of accounting for the conversion, which of the following occurred as a result of recording this conversion?
A) Stockholders' equity increased. B) Additional paid-in capital decreased. C) Retained earnings increased. D) A loss was recognized.
A market-oriented firm:
a. defines its mission in terms of the benefits its customers seek. b. targets the average customer. c. is highly centralized. d. defines its business in terms of the goods and services it produces.
Fred is going through the revised draft of a document to make sure that it is clear, complete, concise, consistent, correct, and courteous. It can be concluded that Fred is _____ the document
A. revising B. screening C. editing D. proofreading
Insurance policies are governed by the general principles of contract law
Indicate whether the statement is true or false