Case-Based Critical Thinking Questions Case 3-2 Monica Is Working on a Report

question 88

Multiple Choice

Case-Based Critical Thinking Questions Case 3-2 Monica is working on a report for her art history class. She is using Microsoft Word for her report so that she can incorporate tables, text, and graphics into one document, but needs suggestions on fine-tuning her report. Monica used the Cover Page gallery to insert a cover page in her report but now she wants to delete it. To do so, she should click the Cover Page button in the Pages group, and then click ____.

• A) Delete Cover Page
• B) Cancel Cover Page
• C) No Cover
• D) Remove Current Cover Page

---

Definitions:

Journalize

The process of recording financial transactions in a company's journal, detailing debits and credits for accounting purposes.

Common Stockholders' Equity

The portion of a company's equity that is attributable to common stock owners, calculated as total equity minus preferred stock equity.

Prior Period Adjustments

Corrections made to a company's financial statements for errors or omissions in previously reported periods.

Revaluation Surplus

The increase in value of an asset, reflected in the company's financial statements, from re-assessing its carrying value to a higher current market value.