Clicking the Yes Button in the Dialog Box in the Accompanying

question 41

Multiple Choice

Clicking the Yes button in the dialog box in the accompanying picture ____.

• A) changes the color effects of the picture
• B) changes the formatting of the picture
• C) converts the picture to a drawing object
• D) opens a new dialog box

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary to permanent accounts.

Statement of Income

A financial report summarizing the revenues, expenses, and profits/losses of a company over a specified period, also known as an income statement.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made, used to prepare financial statements.