Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

2. Transaction Analysis

Journal Entries: Debits and Credits

Financial Accounting

2. Transaction Analysis

Journal Entries: Debits and Credits

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which Excel function can be used to automatically return the value from cell C77 based on a matching value found in cells B77 through B81?

VLOOKUP

AVERAGE

SUM

COUNTIF

Previous problemNext problem

Verified step by step guidance

Understand the problem: You need to identify the Excel function that can automatically return the value from cell C77 based on a matching value found in cells B77 through B81. This involves searching for a match and retrieving a corresponding value.

Review the options provided: VLOOKUP, AVERAGE, SUM, and COUNTIF. Each function serves a different purpose in Excel. For this problem, focus on the function that performs a lookup operation.

Learn about VLOOKUP: The VLOOKUP function is designed to search for a value in the first column of a range and return a value in the same row from another column. Its syntax is:

VLOOKUP (lookup_value, table_array, col_index_num, range_lookup)

. This function is relevant for the problem as it matches a value and retrieves a corresponding value.

Eliminate irrelevant options: AVERAGE calculates the mean of a range of values, SUM adds up values in a range, and COUNTIF counts the number of cells that meet a condition. None of these functions perform a lookup operation, so they are not suitable for this problem.

Conclude that VLOOKUP is the correct function: Based on the explanation, VLOOKUP is the function that can automatically return the value from cell C77 based on a matching value found in cells B77 through B81.