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To get the larger, or greater, of two values, you can use the MAX function. ... To calculate a percentage based value capped at a specific amount, you can use the MIN function. ... The Excel MIN function
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The term 'smaller of' refers to the lesser amount or value between two options.
Any individual or entity required to report financial information may need to file 'smaller of' if it is applicable.
To fill out 'smaller of', compare the two options and report the lesser amount or value.
The purpose of 'smaller of' is to accurately report the lesser amount or value in financial documentation.
The information reported on 'smaller of' will depend on the specific context in which it is being used.
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