Match Each of the Following Terms with Its Corresponding Definition

question 89

Multiple Choice

Match each of the following terms with its corresponding definition.
-A logical grouping of objects that have the same attributes and behaviors.

• A)object-oriented analysis and design
• B)object
• C)inheritance
• D)object class
• E)Rational Unified Process

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Definitions:

Basis

In taxation, refers to the value used to determine profit or loss for tax purposes when property is sold.

Property Contributed

refers to assets or properties given to an entity, such as a charity or a business, by an individual or another entity.

Fiscal Year-end

The last day of a company's accounting period, which is used for financial reporting and tax purposes.

Corporate Tax Return

A corporate tax return, often filed using Form 1120, is required for corporations and details the income, gains, losses, deductions, and credits from the corporation's operations.