In order to reproduce:
 Open new text document.
 Insert an image from file.
 Select image and open format dialogue of the image: Format > Image... The dialogue is opened. Header of dialogue: “Picture”. Expectad: “Image”.
 Select tab “Wrap”. Wrap settings are:
None, Before, After, Parallel, Through, Optimal.
 Close Dialogue.
 Open context menu of image and select “Wrap”. These wrap settings are possible:
No Wrap, Page Wrap, Optimal Page Wrap, Wrap Through.
Expected: Use of same or at least similar wording in step 4 and 6, particularly for Parallel/Page Wrap.
In 4.4, the header of the format dialog is Image. Otherwise confirmed.
Let's set this to be an enhancement -> NEW.
Win 7 64-bit Version: 22.214.171.124.alpha2+
Build ID: b021b5983c62e266b82d9f0c5c6d8d8900553827
TinderBox: Win-x86@39, Branch:master, Time: 2014-11-12_01:10:08