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1. What condition is the Insolvency Check testing for?
Net Assets < 0
Total Liabilities > 0
Total Assets < 0
2. Which of the following is not a way to remove the little green triangle in the top left corner of the error check cells?
Go to the Options menu, choose the Formulas tab, and deselect “Enable background error checking”
None of the above
Change the format of the error checks to be “Locked”
3. Why do we use the name Rounding Accuracy in the Balance Sheet check?
It allows a very minor tolerance in the evaluation of the Balance Sheet check (to the nearest cent in our model)
This avoids the use of hard-coded values in the formula
All of the above
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