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1. What condition is the Insolvency Check testing for?
Total Liabilities > 0
Net Assets < 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?
None of the above
Go to the Options menu, choose the Formulas tab, and deselect “Enable background error checking”
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)
All of the above
This avoids the use of hard-coded values in the formula
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