If You Define X = 2/3, and Then Type Format

question 26

Multiple Choice

If you define x = 2/3, and then type format long, how will the value of x be displayed?

• A)x = 0.66666666666666666666667
• B)x = 0.66666666666667
• C)x = 0.67000000000000
• D)x = 2/3

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Definitions:

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or decline in value.

Amortization Expense

The process of allocating the cost of an intangible asset over its useful life for accounting and tax purposes.

Retained Earnings

The portion of net income that is retained by the company rather than distributed to its shareholders as dividends, accumulated over the company’s life.

Beginning Period

This refers to the starting point or the first date of a financial reporting period.