-Referring to the Figure Above, to Apply the Number Format

question 35

Multiple Choice

-Referring to the figure above, to apply the number format chosen in the dialog box, you would ____.

• A)click the OK button
• B)click the Cancel button, then click Apply
• C)click the Number format buttons in the Number group of the Home tab
• D)exit the screen by pressing the x in the upper right-hand corner

---

Definitions:

Constructive Capitalization

An accounting method that records a leasing agreement as a purchase and leaseback transaction for financial reporting purposes.

Capital Leases

Leases that are recognized by the lessee as an asset and liability on the balance sheet, based on the assumption that it involves the transfer of ownership over the lease term.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, showing the company's financial position.

Operating Lease

A lease agreement for the use of an asset without ownership transfer.