Which of the Following Statements Formats the Contents of the TxtSalesTax

question 17

Multiple Choice

Which of the following statements formats the contents of the txtSalesTax control with a percent sign and two digits to the right of the decimal?

• A)txtSalesTax.Text = Format(txtSalesTax, "Percent")
• B)txtSalesTax.Text = Format(txtSalesTax, "Fixed")
• C)txtSalesTax.Text = Format(txtSalesTax.Text, "Percent")
• D)txtSalesTax.Text = Format("Percent", txtSalesTax.Text)

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Definitions:

Capital

Represents the financial resources used by a business to fund its operations and growth, often in the form of money, assets, or equity.

Income Summary

An account to which the revenues and expenses are transferred in order to close the books and transfer the net balance to owner’s equity.

Real Account

A permanent account in accounting that tracks the balances of assets, liabilities, and equity, and is not closed at the end of the accounting period.

Cash

Refers to money in the form of coins or banknotes, especially that possessed by a person or business for transactions.