Case Based Critical Thinking Questions

question 71

Multiple Choice

Case Based Critical Thinking Questions
Akash created a custom form for his supervisor that includes a subform based on a query for unpaid invoices.  After creating the form and viewing it in Form view, Akash needs to make some changes.  Decide which options are best for Akash to use to make the necessary changes to the custom form design.
-Akash has included a calculated field in the subform which was created using a query for unpaid invoices.  The calculated field should show the total amount of unpaid invoices from the InvoiceAmt field; however, the form does not show the calculation in Form view. Which expression will solve this problem?

• A)Sum([InvoiceAmt])
• B)=Sum([InvoiceAmt])
• C)Count([InvoiceAmt])
• D)=Count([InvoiceAmt])

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Definitions:

Commercial Substance

Commercial substance refers to a transaction that causes a significant change in the cash flows of a company or significantly alters the entity's operations.

Trade-in Allowance

The credit a buyer receives when they trade in an old asset (like a car) towards the purchase of a new asset, reducing the price of the new purchase.

Book Value

The net value of a company's assets as listed on the balance sheet, calculated by subtracting liabilities from total assets.

Commercial Substance

A concept indicating that a transaction significantly changes the economic position or cash flows of the parties involved, beyond mere contractual obligations.