When Expenses Exceed Revenues,the Resulting Change in Equity Is

question 221

Multiple Choice

When expenses exceed revenues,the resulting change in equity is:

• A)Net assets.
• B)Negative equity.
• C)Net loss.
• D)Net income.
• E)A liability.

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Definitions:

Overloading

A programming concept where two or more methods in the same class have the same name but different parameters.

Superclass

The class from which a subclass inherits fields and methods in object-oriented programming.

Inheritance

A fundamental concept in object-oriented programming that allows one class to inherit properties and methods from another class.

"Is-a" Relationship

A concept used in object-oriented programming to describe an inheritance relationship between a subclass and its superclass.