A Constructor Function Is a Special Function That Is Called

question 41

True/False

A constructor function is a special function that is called automatically when an object from a class is instantiated.

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Definitions:

FASB

Stands for Financial Accounting Standards Board, which is responsible for establishing and improving financial accounting and reporting standards in the United States.

Note Receivable

A written promise to receive a specific amount of money at a future date.

Cash To Be Received

Expected cash inflows from various sources, such as sales, loans, and investments, not yet received but anticipated in the future.

Interest Rate

The percentage of the loan amount charged to the borrower as interest, usually presented as an annual rate.