You Can Use the Ribbon to Select Chart Elements

question 21

Multiple Choice

You can use the Ribbon to select chart elements. Click the Format tab or the ____ tab on the Ribbon. In the Current Selection group, click the arrow next to the Chart Elements box.

• A) Chart
• B) Home
• C) Layout
• D) Design

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Definitions:

Single-Step

A simplified method used in income statement preparation that aggregates all revenues and subtracts all expenses to calculate net income.

Multiple-Step

A detailed income statement format that separates operational revenue and expenses from non-operational ones to highlight core business profitability.

Statement Of Income

A statement of income is a financial document that summarizes a company's revenues, expenses, and profits or losses over a specific time period.

Freight In

The cost associated with transporting goods into a business, included as part of the inventory cost.