How does Excel determine how the time is stored?

Answer:$$

A$.$

$$It starts with a serial number, as with dates, and then subtracts the actual time.

$$

B$.$

$$It divides the day by $24$ and calculates the percentage.

$$

C$.$

$$It divides the day by $1,440$ and calculates the number of minutes.

$$

D$.$

$$The time is stored exactly as entered.