Case-Based Critical Thinking Questions Case 5-2 Nila Has Created a Report

question 64

Multiple Choice

Case-Based Critical Thinking Questions Case 5-2 Nila has created a report, and now she would like to a create table of contents. Nila has reviewed her report and decides to add text that is not formatted as a heading to the table of contents. She must select the text, format it as a ____, and then update the table of contents.

• A) body text
• B) heading
• C) hyperlink
• D) content control

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Definitions:

Retained Earnings

Accumulated net income that has been retained by a company rather than distributed to its owners as dividends.

Shareholders

Individuals or entities that own shares in a corporation, giving them ownership interest in the company.

Cost Method

An accounting method used to record investments, where the investment is recorded at its acquisition cost without adjusting for changes in market value.

Investment Account

An Investment Account is a financial account held by an investor with a brokerage firm, bank, or custodian that holds securities and other investments.