Case 1 - Frames Unlimited

question 35

Multiple Choice

Case 1 - Frames Unlimited
Frames Unlimited is a wholesale picture and poster frame business. Frame data is stored in sequential access files that contain four columns: item number, item name, size, and price.
-Which of the following statements removes the selected line in the list box?

• A)lstPosters.Items.DeleteAt(lstPosters.SelectedIndex)
• B)lstPosters.Items.Remove(5)
• C)lstPosters.Items.Remove("16x20")
• D)lstPosters.Items.RemoveAt(lstPosters.SelectedIndex)

---

Definitions:

Functional Currency

The currency of the primary economic environment in which an entity operates, generally used in preparing financial statements.

Capital Assets

Long-term assets acquired for operating purposes, including land, buildings, machinery, and equipment, which are not easily convertible into cash.

Exchange Rates

The equivalent worth of one currency in another during exchange.

Exchange Gain/Loss

The gain or loss resulting from the fluctuation in exchange rates affecting the value of transactions in foreign currencies.