The __________ function pairs each element of the first array with its counterpart in the second array, multiplies the elements of the pairs together, and adds the results.
A. SUM
B. SUMPRODUCT
C. SUMIF
D. VLOOKUP
Answer: B
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In comparison to a corporation, the owners of a general partnership ________.
A) have limited claim on the profits generated by the business B) are restricted from dissolving the business without prior notice to the SEC C) have an unlimited personal liability for the debts of the business D) are taxed at two levels
What is a deficient appraisal? . A contaminated appraisal?
What will be an ideal response?
Indicate how each of the following would be reflected in the journal entry required to record the effects described by using debit or credit to indicate the increase or decrease in each affected account.??Debit or CreditA.An increase in Savannah Smith, Drawing?B.A decrease in Cash? C.An increase in Fee Income? D.A decrease in Supplies? E.A decrease in Office Equipment? F.An increase in Delivery Equipment? G.An increase in Utilities Expense? H.An increase in Prepaid Rent? I.A decrease in Accounts Payable? J.An increase in Savannah Smith, Capital? K. An increase in Salaries Expense?
What will be an ideal response?
Two corporations are considered to be brother-sister corporations for purposes of the Sec. 304 redemption rules if one shareholder owns more than 50% of each corporation.
Answer the following statement true (T) or false (F)