The Statement to Declare StrName as a Variable That Can

question 7

Multiple Choice

The statement to declare strName as a variable that can hold character data is _______________.

• A) Dim strName As Text
• B) Dim strName As Single
• C) Dim strName As Word
• D) Dim strName As String

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Definitions:

No-par Common Stock

Shares issued without a specified face value, allowing the company flexibility in setting their price.

Stated Value

A value assigned to no-par stock by the board of directors of a company, used as the basis for capital accounts in the shareholders' equity section of the balance sheet.

Par Preferred Stock

A type of preferred stock that has a nominal face value and is entitled to dividends before any dividends can be issued to common stockholders.

Retained Earnings

Profits that a company has kept or retained rather than distributing to shareholders as dividends.