Once You Have Created a Template, What Are the First

question 61

Multiple Choice

Once you have created a template, what are the first three steps you take to create a new document based on this template?

• A) Click the FILE tab, click More, then click PERSONAL
• B) Click the FILE tab, click New, then click PERSONAL
• C) Click the FILE tab, click Computer, then click PERSONAL
• D) Click the FILE tab, click Browse, then click PERSONAL

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, often appearing as a line item on the income statement.

Notes Payable

Financial obligations or loans evidenced by promissory notes, which the borrower promises to pay back to the lender according to agreed terms.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Liability Reported

The recording of an obligation or debt that a company owes to outside parties in the financial statements.