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It is what is contained within the cell, such as formulas, functions, letters, numbers, symbols, etc. After typing something in, you may see something else, like the result of a calculation by a formula. This is the cell display. So if you type in a formula, it is the cell content, but it will display a result. In reality it is the formula that is in the cell, not what is displayed. So different results will show if values used by the formula change.

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