Case-Based Critical Thinking Questions

question 13

Multiple Choice

Case-Based Critical Thinking Questions
Case 4-1
In PowerPoint 2016, Jake wants to change the slide background to a photo on his computer. He is walking through a tutorial given to him by a co-worker.
-Once Jake has selected the correct tab, he clicks the Format Background button that can be found in the _____ group.

• A)Photo
• B)Customize
• C)Create
• D)Background

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Definitions:

Accrued Interest

Interest that has been incurred but not yet paid or received.

90-Day Note

A short-term debt obligation that is due for repayment within 90 days of the note's issuance.

Direct Write-Off Method

A method of accounting for bad debts that involves charging unpaid customer accounts directly to the income statement when they are determined to be uncollectible.

Accounting Equation

The fundamental equation that ensures the balance of a company's financial records: Assets = Liabilities + Equity.