Kaylee Is Formatting a Document for Her Company

question 46

Multiple Choice

Kaylee is formatting a document for her company.She isn't sure whether to opt for a justified,flush-left,flush-right,or centered format.Which of the following offers the best reason for her to pick a particular style?

• A)A flush-right style is the most common for business documents.
• B)A flush-left format gives a contemporary, less formal look.
• C)A justified style is best as this is easy to format and read.
• D)A centered format allows her to maximize the use of space.
• E)A justified style produces large gaps between words, increasing white space.

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Definitions:

FVTOCI

An acronym for Fair Value Through Other Comprehensive Income, a classification under IFRS accounting standards for financial assets held for purposes other than trading, where changes in fair value are recognized in other comprehensive income rather than profit or loss.

Equity Method

An accounting technique used to assess the profits earned by investments in other companies, reflecting the profit in proportion to shares held.

Comprehensive Income

The total change in equity for a reporting period other than transactions from owners, encompassing all realized and unrealized gains and losses.

Cost Method

An accounting method used for investments, where the investment is recorded at cost and adjustments are made only for dividends received and permanent declines in value.