The Element Pointed to by Item 4 in the Figure

question 48

Multiple Choice

The element pointed to by item 4 in the figure above adds a(n) ____ to your PowerPoint slides.

• A) object
• B) outline
• C) set of notes
• D) theme

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Definitions:

Increase

Increase signifies a rise in value or quantity of a variable or account in the context of finance and accounting.

Expense Account

An accounting ledger that tracks the outflow of economic resources or increase in liabilities, resulting in a decrease in equity.

Retained Earnings

The accumulated portion of net earnings not distributed to shareholders but reinvested in the business.

Shareholders' Equity

The ownership interest of shareholders in a company, calculated as total assets minus total liabilities.