I have been known to complain about how keyboard shortcuts in Excel got fiddlier when the Ribbon arrived, but occasionally this makes things easier. The Excel 2010 blog points out that you can access the wrap text option by typing Alt-H-W — much simpler than the route I used to use of typing Ctrl-1, navigating to the appropriate tab and then typing Alt-W. [Excel 2010 Blog]
Use A Keyboard Shortcut To Wrap Text In Excel
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