-A Class Can Belong to a More General Category Called

question 55

Multiple Choice

-A class can belong to a more general category called a ____.

• A)superclass
• B)roster
• C)subclass
• D)catalog

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Definitions:

Net Income

The total profit of a company after all revenues and gains are added together and all expenses and losses are subtracted.

FOB Shipping Point

A term indicating that the buyer assumes responsibility for the goods once the seller ships them.

Net Income

The total earnings of a company after subtracting all costs and expenses, including taxes and interest, from its total revenues.

Physical Inventory

A process of counting and verifying the actual items of inventory on hand, typically conducted at the end of a fiscal period.