Case 7-1 Your Friend Simon Wants to Start a Newsletter for His

question 23

Multiple Choice

Case 7-1
Your friend Simon wants to start a newsletter for his school club.He has not had a lot of experience with desktop publishing,so he asks for your help.
-Which of the following is a true statement you would make to Simon when discussing his newsletter?

• A)The nameplate typically contains the title of the newsletter.
• B)The ruling line identifies a specific publication.
• C)A drop cap is text that is copied from the text of the document and given graphical emphasis.
• D)You should use as many visual elements as possible to add visual interest to the newsletter.

---

Definitions:

Functional Currency

The primary currency of the primary economic environment in which the entity operates, usually the local currency or the currency of the primary sales market.

Current Rate Method

A method of foreign currency translation where assets and liabilities are converted at the current exchange rate.

U.S. GAAP

Stands for United States Generally Accepted Accounting Principles, which are the accounting standards used by companies in the United States to prepare their financial statements.

Functional Currency

The currency of the primary economic environment in which an entity operates and generates cash flows.