To Create a New Note,click the Notes Button on the Navigation

question 49

Multiple Choice

To create a new note,click the Notes button on the Navigation Pane and then click ________.

• A) New Note on the Home tab
• B) New Note on the Insert tab
• C) Create Note on the Insert tab
• D) Create Note on the Home tab

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net profit.

Statement of Retained Earnings

A financial statement that outlines the changes in retained earnings for a specific period, reflecting net income and dividends paid to shareholders.

Balance Sheet

A report detailing a company’s assets, liabilities, and equity belonging to shareholders, captured at a particular moment.

Recording

The process of capturing all financial transactions of a company for inclusion in its accounting records.