$ELSE Statement
The $ELSE statement is used in conjunction with the $IF statement to control
conditional compilation.
General Format

Syntax Rules
- The whole statement must appear on a single line.
General Rules
- The most recent $IF condition is reversed. If the now active $IF condition
is true, the source lines following the $ELSE statement are processed. If
the $IF condition is false, COBOL source lines are ignored until the next
conditional compilation line is encountered. .