What Does the Following Statement Do? Double[] Array1 = New

question 11

Multiple Choice

What does the following statement do? double[] array1 = new double[10];

• A) Declares array1 to be a reference to an array of double values
• B) Creates an instance of an array of 10 double values
• C) Will allow valid subscripts in the range of 0 - 9
• D) All of the above

---

Definitions:

Impairment

A decrease in the recoverable value of an asset below its carrying amount on the balance sheet, necessitating a write-down of its value.

Fair Value

An estimate of the price at which an asset or liability would trade in a fair transaction between willing parties.

Useful Life

The estimated period over which an asset is expected to be useful in the operations of a business.