Case EX 8-2 Paco Wants to Change Some of the Elements

question 18

Multiple Choice

Case EX 8-2 Paco wants to change some of the elements in his chart, including the fill and border color. On a separate chart that he is working on, Paco needs to access the Format dialog box for the chart legend. First, he selects the chart he wants to edit. Then, on the ____ tab under Chart Tools on the Ribbon, in the Current Selection group, he clicks the Format Selection button.

• A) Layout
• B) Page Layout
• C) Data
• D) Format

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Definitions:

Retained Earnings

The portion of a company's profits not distributed as dividends but retained for reinvestment in the business or to pay off debt.

Income Summary

An account used in the closing process during the accounting cycle that sums up all revenues and expenses for the period to determine the net income or loss for the period.

Retained Earnings

The sum of a company's earnings up to the present, reduced by any shareholder dividends or distributions.

Total Assets

The sum of all assets owned by a company, including both current and fixed assets, as represented on the balance sheet.