The Smart edit mode controls the word wrapping and the indentation in the different COBOL areas. It is the default mode in the editor.
Alternatively, click 
                     			 Edit > Advanced > COBOL Smart Edit, or click 
                     			  (Toggle COBOL Smart Edit Mode) in the COBOL toolbar, to turn the mode on or off.
 (Toggle COBOL Smart Edit Mode) in the COBOL toolbar, to turn the mode on or off.