Which of the Following Is TRUE About Captions

question 86

Multiple Choice

Which of the following is TRUE about captions?

• A)When a caption is created,it is formatted in Title style.
• B)If you delete a table with a caption,all remaining tables with captions are automatically renumbered.
• C)As you add captions,each caption is shown in sequence.
• D)All captions must begin with the word Table.

---

Definitions:

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or other entity, presenting the results of operation and the financial condition including balance sheet, income statement, and cash flow statement.

Regulatory Accounting Principles

Specific accounting principles that are prescribed by a regulatory authority, designed for industries under regulation.

GAAP

Generally Accepted Accounting Principles, a common set of accounting rules and standards that companies follow when preparing financial statements in the United States.

Regulators

Authorities or governmental agencies responsible for overseeing the operation of markets, industries, or sectors, ensuring compliance with laws and regulations.