Q:

Editting text created using text tool

I've got a text field created using the Flash's Text Tool I set it to dynamic.
Is it possible to edit that text using AS3? If yes how?

A:

You can use all the properties of the textfield. So
both
textfield.text

and
textfield.htmlText

will work.
If the textfield is too small, use the autoSize property:
textfield.autoSize = "left";
textfield.htmlText = "<b>hello,\nworld</b>";

will output:
hello,
world

with bold text.
You can also change the multiline property, the wordWrap, background and so on.

