A quick catch in 10.4 version regarding text object in Dashboard.
Text Object Shading and Border is Missing in 10.4 version. Is this a bug or update ..?
Whereas in 10.04
Yup. they moved it.
Go to Layout on the dashboard. Select the text object. The stuff to set borders and shading are there:
Shading Option is available under Layout, from 10.5
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