AC Adv Case 13-2 John Has Written a VBA Program

question 429

Multiple Choice

AC Adv Case 13-2 John has written a VBA program that uses the following IF statement. He tests the program and the IF statement is not working as expected, so he asks for your help. 'This If statement checks for an empty input value 'Then it divides 100 by that value If IsEmpty(divisor) then 'Input field has a value so continue result = 100 / divisor End If You explain that the result is not being displayed correctly because ____.

• A) the code was not compiled correctly
• B) the result equation is part of the comment statement above it
• C) John should use the IsNull syntax
• D) John cannot divide by a variable name

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Definitions:

Holding Gains

Holding gains are the increased values of assets that a company holds, realized when the asset is sold or revalued.

FIFO Cost Flow

An inventory valuation method where the cost of the earliest goods purchased are the first to be recognized as cost of goods sold.

Net Income

This refers to the amount of money a company earns after subtracting all its expenses, taxes, and costs from its total revenue.

Ending Inventory Value

The total value of all the goods available for sale at the end of a financial period.