If the value of K is equal to 6, increase the value of A by 5%, if the value of K is equal to 4, decrease the value of A by 8, if the value of K is equal to 7, add the value of B to the value of A, otherwise decrease the value of A by 12%Will the following statement be correct or incorrect, only indicate correct or incorrect at your answer .select case Kcase 6A = A * 1.05case 4A = A + 8case 7A = A + Bcase elseA = A * 0.88 Endselect

To determine if the given code is correct or incorrect, we need to analyze the provided conditions and statements.

1. If the value of K is equal to 6, increase the value of A by 5%:
The statement `A = A * 1.05` correctly increases the value of A by 5% if K is 6, so this condition is handled correctly.

2. If the value of K is equal to 4, decrease the value of A by 8:
The statement `A = A + 8` incorrectly adds 8 to the value of A instead of decreasing it. To correctly decrease it by 8, the code should be `A = A - 8`.

3. If the value of K is equal to 7, add the value of B to the value of A:
The statement `A = A + B` correctly adds the value of B to the value of A if K is 7, so this condition is handled correctly.

4. Otherwise, decrease the value of A by 12%:
The statement `A = A * 0.88` correctly decreases the value of A by 12% if K is any value other than 6, 4, or 7. So, this condition is also handled correctly.

After considering all the conditions, we can see that there is an error in the second condition. The correct code for that condition should be `A = A - 8`.

Therefore, the correct code should be:

```plaintext
select case K
case 6
A = A * 1.05
case 4
A = A - 8
case 7
A = A + B
case else
A = A * 0.88
End select
```

To answer your question directly, the provided statement is incorrect due to the error in the second condition.