Juana Needs to Open a Document

question 623

Multiple Choice

Juana needs to open a document.To access the Open dialog box, which tab should she use?

• A) Home tab
• B) View tab
• C) File tab
• D) Review tab

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Definitions:

Prior Period Adjustment

A correction of errors in financial statements of previous periods that were not discovered until the current period.

Capitalized Amount

The total cost of a capital asset that is recognized for accounting purposes, including acquisition costs and expenses incurred to bring the asset to its usable condition.

Percentage-Of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts as a percentage of work completed during the period.

Completed Contract Method

The Completed Contract Method is an accounting approach where revenue and expenses of a contract are recorded only when the contract is completed.