Layers and Adjustments Q&A:
What adjustments are used for the photo?
Threshold – Alters the amount of whiteness and blackness of a given layer.
Gradient – Applies a gradient filter to a given layer.
Where to find the layers panel?
From the top menu bar, open Window, and select Layers to show the panel
Can you edit a smart object?
It depends. If you're just transforming the layer (resizing, flipping, etc.), there is no need to rasterize the layer. If you're editing the layer, then the smart object needs to be rasterized to be editable. To do this, simply right click on the smart object in the layers panel, then select Rasterize Layer.